Guidewire Software, Inc. (NYSE:GWRE) Given Consensus Rating of “Hold” by Analysts

Guidewire Software, Inc. (NYSE:GWREGet Rating) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $109.60.

A number of analysts recently issued reports on GWRE shares. Wells Fargo & Company decreased their price objective on Guidewire Software from $85.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 8th. DA Davidson reduced their target price on Guidewire Software to $114.00 and set a “na” rating for the company in a research report on Tuesday, May 24th. Stifel Nicolaus reduced their target price on Guidewire Software from $100.00 to $85.00 in a research report on Wednesday, June 8th. Royal Bank of Canada initiated coverage on Guidewire Software in a research report on Tuesday, April 19th. They set an “outperform” rating and a $125.00 target price for the company. Finally, Oppenheimer restated an “initiates” rating on shares of Guidewire Software in a research report on Wednesday, July 27th.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 993 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $72.18, for a total value of $71,674.74. Following the completion of the transaction, the insider now directly owns 28,307 shares in the company, valued at approximately $2,043,199.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider James Winston King sold 993 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $72.18, for a total value of $71,674.74. Following the completion of the sale, the insider now owns 28,307 shares of the company’s stock, valued at approximately $2,043,199.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Priscilla Hung sold 1,718 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $72.18, for a total value of $124,005.24. Following the completion of the sale, the chief operating officer now directly owns 38,948 shares of the company’s stock, valued at approximately $2,811,266.64. The disclosure for this sale can be found here. In the last three months, insiders sold 15,898 shares of company stock worth $1,157,541. 0.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Washington Trust Advisors Inc. raised its position in Guidewire Software by 6.3% during the 1st quarter. Washington Trust Advisors Inc. now owns 3,170 shares of the technology company’s stock valued at $300,000 after purchasing an additional 189 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Guidewire Software by 3.4% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,423 shares of the technology company’s stock worth $419,000 after acquiring an additional 147 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Guidewire Software by 9.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 447,307 shares of the technology company’s stock worth $50,783,000 after acquiring an additional 38,097 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Guidewire Software by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 324,306 shares of the technology company’s stock worth $36,817,000 after acquiring an additional 9,583 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Guidewire Software in the 4th quarter worth approximately $194,000.

Guidewire Software Stock Performance

NYSE:GWRE opened at $79.96 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.45 and a current ratio of 4.45. Guidewire Software has a 52-week low of $69.06 and a 52-week high of $130.95. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of -44.18 and a beta of 1.30. The business’s fifty day moving average is $75.45 and its 200 day moving average is $85.00.

Guidewire Software (NYSE:GWREGet Rating) last released its quarterly earnings data on Tuesday, June 7th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.61). Guidewire Software had a negative return on equity of 7.80% and a negative net margin of 18.86%. The company had revenue of $197.45 million for the quarter, compared to analyst estimates of $187.73 million. During the same period in the previous year, the company posted ($0.39) EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts predict that Guidewire Software will post -1.9 EPS for the current year.

About Guidewire Software

(Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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