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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $196.08.

GWRE has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the transaction, the chief executive officer now owns 278,930 shares in the company, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 700 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the transaction, the president now directly owns 177,746 shares of the company’s stock, valued at approximately $37,326,660. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,306 shares of company stock worth $5,288,309. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently modified their holdings of GWRE. Trust Point Inc. grew its stake in shares of Guidewire Software by 23.3% in the fourth quarter. Trust Point Inc. now owns 8,976 shares of the technology company’s stock valued at $1,513,000 after buying an additional 1,699 shares in the last quarter. GDS Wealth Management increased its stake in shares of Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after purchasing an additional 16,142 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Guidewire Software by 1.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 238,790 shares of the technology company’s stock valued at $40,255,000 after purchasing an additional 3,715 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Guidewire Software in the 4th quarter valued at about $336,000. Finally, Custom Index Systems LLC bought a new position in Guidewire Software during the fourth quarter worth about $436,000.

Guidewire Software Price Performance

GWRE opened at $205.34 on Monday. The company has a fifty day moving average price of $182.60 and a two-hundred day moving average price of $171.52. The firm has a market capitalization of $17.15 billion, a PE ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23. Guidewire Software has a 52 week low of $107.00 and a 52 week high of $212.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

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.