Shares of Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $129.23.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 price objective on shares of Guidewire Software in a report on Wednesday. Robert W. Baird lifted their target price on Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday. BTIG Research lifted their target price on Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Guidewire Software from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday.
Get Our Latest Stock Report on GWRE
Insider Buying and Selling
In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the sale, the chief executive officer now directly owns 245,375 shares in the company, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,785 shares of company stock valued at $1,220,087. 0.38% of the stock is owned by insiders.
Institutional Trading of Guidewire Software
Several institutional investors and hedge funds have recently modified their holdings of the business. Partners Capital Investment Group LLP increased its holdings in Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after purchasing an additional 99 shares in the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Guidewire Software by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after buying an additional 101 shares during the period. Lindbrook Capital LLC boosted its position in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after purchasing an additional 142 shares in the last quarter. Finally, CWM LLC boosted its holdings in Guidewire Software by 18.4% in the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after acquiring an additional 179 shares in the last quarter.
Guidewire Software Trading Down 0.5 %
Shares of GWRE opened at $129.98 on Friday. Guidewire Software has a 1 year low of $68.45 and a 1 year high of $132.36. The stock has a market cap of $10.74 billion, a P/E ratio of -999.77 and a beta of 1.14. The stock’s 50-day moving average price is $116.09 and its two-hundred day moving average price is $112.40.
Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The business had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $240.93 million. As a group, equities analysts forecast that Guidewire Software will post -0.42 EPS for the current year.
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.
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