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

by · The Markets Daily

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $221.3636.

A number of equities analysts have weighed in on GWRE shares. Wells Fargo & Company decreased their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Stifel Nicolaus dropped their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Citizens Jmp cut their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. Finally, Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th.

View Our Latest Stock Analysis on Guidewire Software

Guidewire Software Trading Down 0.2%

NYSE GWRE opened at $134.21 on Monday. The stock has a market cap of $11.17 billion, a P/E ratio of 72.55 and a beta of 0.95. The company’s fifty day simple moving average is $131.28 and its 200-day simple moving average is $148.02. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software has a 52 week low of $102.30 and a 52 week high of $272.60.

Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. During the same period last year, the business earned $0.88 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Equities research analysts predict that Guidewire Software will post 1.83 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $509,632.08. Following the completion of the sale, the president owned 131,115 shares of the company’s stock, valued at approximately $15,568,595.10. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $126,804.00. Following the sale, the chief executive officer directly owned 198,576 shares of the company’s stock, valued at $20,983,525.92. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 29,709 shares of company stock worth $3,740,332 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Capital World Investors bought a new position in shares of Guidewire Software during the fourth quarter worth about $202,405,000. Principal Financial Group Inc. grew its stake in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after purchasing an additional 997,992 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after acquiring an additional 431,725 shares during the last quarter. Stockbridge Partners LLC increased its stake in Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock valued at $290,501,000 after purchasing an additional 405,850 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Guidewire Software by 179.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company’s stock valued at $94,037,000 after buying an additional 403,370 shares during the last quarter.

About Guidewire Software

(Get Free Report)

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

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