Guidewire Software, Inc. (NYSE:GWRE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $137.31.

Several research firms have recently weighed in on GWRE. Stifel Nicolaus raised their price objective on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. The Goldman Sachs Group raised their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Citigroup raised their target price on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Wells Fargo & Company raised their target price on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, Royal Bank of Canada raised their target price on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $143.95 on Monday. The stock has a fifty day moving average price of $135.76 and a two-hundred day moving average price of $122.48. The firm has a market cap of $11.90 billion, a P/E ratio of -1,107.22 and a beta of 1.19. Guidewire Software has a 1 year low of $78.05 and a 1 year high of $153.85.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.14. The business had revenue of $240.68 million during the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. On average, research analysts predict that Guidewire Software will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $405,907.18. Following the transaction, the chief financial officer now owns 63,479 shares in the company, valued at $8,540,464.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,064 shares of company stock worth $1,747,850. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in Guidewire Software during the fourth quarter valued at about $27,000. ORG Partners LLC bought a new position in shares of Guidewire Software in the first quarter worth about $29,000. Rothschild Investment LLC bought a new position in shares of Guidewire Software in the second quarter worth about $31,000. Lynx Investment Advisory bought a new position in shares of Guidewire Software in the second quarter worth about $41,000. Finally, DT Investment Partners LLC bought a new position in shares of Guidewire Software in the second quarter worth about $41,000.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.