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

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $193.00.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Citigroup boosted their price objective on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th.

Guidewire Software Trading Down 0.2 %

Shares of GWRE stock opened at $168.58 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $14.08 billion, a P/E ratio of 468.28, a P/E/G ratio of 45.60 and a beta of 1.18. Guidewire Software has a 12-month low of $102.66 and a 12-month high of $209.15. The firm has a 50-day moving average price of $186.91 and a 200 day moving average price of $166.93.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares of the company’s stock, valued at $35,773,872.48. This represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,347 shares of company stock worth $4,057,594. Insiders own 0.48% of the company’s stock.

Institutional Trading of Guidewire Software

A number of large investors have recently bought and sold shares of the business. American Trust increased its stake in Guidewire Software by 55.1% in the 3rd quarter. American Trust now owns 2,898 shares of the technology company’s stock valued at $530,000 after buying an additional 1,029 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Guidewire Software in the third quarter valued at about $125,000. Sanctuary Advisors LLC raised its holdings in Guidewire Software by 79.9% during the third quarter. Sanctuary Advisors LLC now owns 5,599 shares of the technology company’s stock worth $1,135,000 after acquiring an additional 2,487 shares in the last quarter. Virtu Financial LLC boosted its position in Guidewire Software by 649.4% during the third quarter. Virtu Financial LLC now owns 14,650 shares of the technology company’s stock valued at $2,680,000 after purchasing an additional 12,695 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Guidewire Software in the third quarter valued at approximately $1,774,000.

About Guidewire Software

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.