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

Guidewire Software, Inc. (NYSE:GWRE) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $221.6429.

Several research firms have recently weighed in on GWRE. JPMorgan Chase & Co. decreased their price objective on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company cut their target price 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. Piper Sandler initiated coverage on shares of Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 target price for the company. Stifel Nicolaus lowered their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Finally, Oppenheimer increased their price target on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 17th.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $191.82 on Tuesday. Guidewire Software has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The business has a 50-day simple moving average of $146.04 and a two-hundred day simple moving average of $142.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 103.69 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, analysts expect that Guidewire Software will post 1.83 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 14,400 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total value of $2,664,000.00. Following the transaction, the president owned 116,715 shares of the company’s stock, valued at approximately $21,592,275. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $187.82, for a total value of $225,384.00. Following the completion of the transaction, the chief executive officer directly owned 187,776 shares in the company, valued at $35,268,088.32. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 44,593 shares of company stock worth $6,631,278. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Vancity Investment Management Ltd increased its holdings in Guidewire Software by 24.0% during the second quarter. Vancity Investment Management Ltd now owns 8,525 shares of the technology company’s stock valued at $1,049,000 after buying an additional 1,651 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Guidewire Software by 11,874.0% during the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock worth $1,446,752,000 after acquiring an additional 11,659,237 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Guidewire Software by 5.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,761 shares of the technology company’s stock worth $340,000 after acquiring an additional 135 shares during the last quarter. AlphaGrep UK Ltd bought a new stake in shares of Guidewire Software during the 2nd quarter valued at $495,000. Finally, TD Waterhouse Canada Inc. grew its position in shares of Guidewire Software by 86.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 14,957 shares of the technology company’s stock valued at $1,910,000 after acquiring an additional 6,930 shares during the period.

About Guidewire Software

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.