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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $193.00.

Several research analysts recently commented on GWRE shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company raised their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Citigroup raised their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,347 shares of company stock worth $4,057,594 over the last three months. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Guidewire Software by 4.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after acquiring an additional 79 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after acquiring an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after acquiring an additional 116 shares during the last quarter. Finally, Legacy Advisors LLC increased its stake in Guidewire Software by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after purchasing an additional 135 shares during the period.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $174.62 on Thursday. The firm has a market capitalization of $14.58 billion, a PE ratio of 485.06, a P/E/G ratio of 45.60 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $188.71 and a two-hundred day moving average price of $165.65. Guidewire Software has a twelve month low of $102.66 and a twelve month high of $209.15.

About Guidewire Software

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.