Guidewire Software (NYSE:GWRE) Downgraded by StockNews.com

Guidewire Software (NYSE:GWRE – Get Rating) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other research analysts have also weighed in on GWRE. BTIG Research reduced their target price on Guidewire Software from $105.00 to $90.00 in a report on Wednesday, December 7th. DA Davidson decreased their target price on shares of Guidewire Software from $96.00 to $90.00 in a report on Thursday, December 1st. Wells Fargo & Company raised their price target on shares of Guidewire Software from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Guidewire Software in a report on Tuesday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on Guidewire Software from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Hold” and a consensus target price of $83.09.

Guidewire Software Trading Up 3.4 %

Shares of GWRE stock opened at $74.85 on Wednesday. Guidewire Software has a 1 year low of $52.08 and a 1 year high of $97.32. The company’s fifty day simple moving average is $71.33 and its two-hundred day simple moving average is $64.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of -37.43 and a beta of 1.25.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 1,577 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $61.40, for a total value of $96,827.80. Following the transaction, the insider now owns 39,328 shares in the company, valued at $2,414,739.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Priscilla Hung sold 9,547 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $70.00, for a total value of $668,290.00. Following the transaction, the chief operating officer now owns 57,915 shares in the company, valued at $4,054,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 1,577 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total transaction of $96,827.80. Following the completion of the transaction, the insider now owns 39,328 shares in the company, valued at approximately $2,414,739.20. The disclosure for this sale can be found here. Insiders have sold 22,255 shares of company stock worth $1,450,282 over the last ninety days. Insiders own 0.17% of the company’s stock.

Institutional Trading of Guidewire Software

Large investors have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC bought a new stake in Guidewire Software in the third quarter valued at $59,000. Trexquant Investment LP purchased a new position in Guidewire Software during the third quarter valued at $3,862,000. California Public Employees Retirement System lifted its position in Guidewire Software by 94.3% during the second quarter. California Public Employees Retirement System now owns 324,999 shares of the technology company’s stock valued at $23,072,000 after buying an additional 157,775 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Guidewire Software by 11.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,438 shares of the technology company’s stock valued at $525,000 after buying an additional 866 shares during the period. Finally, Wildcat Capital Management LLC lifted its position in Guidewire Software by 6.3% during the third quarter. Wildcat Capital Management LLC now owns 77,842 shares of the technology company’s stock valued at $4,794,000 after buying an additional 4,637 shares during the period.

Guidewire Software Company Profile

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.