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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $193.00.

Several equities research analysts have recently weighed in on GWRE shares. Stifel Nicolaus upped their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup raised their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Oppenheimer boosted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Finally, Wells Fargo & Company boosted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction dated Tuesday, December 17th. The stock was 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 owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the transaction, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. The trade was a 3.79 % 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 valued at $4,057,594 over the last ninety days. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares during the period. Linonia Partnership LP increased its holdings in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after acquiring an additional 185,077 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after purchasing an additional 6,223 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software by 7.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after purchasing an additional 53,967 shares during the period.

Guidewire Software Price Performance

Shares of GWRE stock opened at $168.86 on Thursday. The stock’s fifty day simple moving average is $188.05 and its 200 day simple moving average is $166.41. Guidewire Software has a one year low of $102.66 and a one year high of $209.15. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 469.06, a P/E/G ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55.

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.