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

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $204.50.

GWRE has been the topic of several analyst reports. Stifel Nicolaus increased their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird increased their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the transaction, the president now owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,506 shares of company stock valued at $6,789,679 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in shares of Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. boosted its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software during the 3rd quarter worth about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after acquiring an additional 99 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Guidewire Software during the 4th quarter worth about $34,000.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $216.66 on Friday. Guidewire Software has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The business’s fifty day moving average price is $185.82 and its two-hundred day moving average price is $178.46. The firm has a market capitalization of $18.10 billion, a PE ratio of 601.83, a P/E/G ratio of 56.59 and a beta of 1.25.

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.