Guidewire Software Inc (NYSE:GWRE) Receives Average Rating of “Buy” from Analysts

Guidewire Software Inc (NYSE:GWRE) has earned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $108.78.

A number of research analysts recently issued reports on GWRE shares. Zacks Investment Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine upgraded Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Piper Jaffray Companies increased their price objective on Guidewire Software from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th.

In other Guidewire Software news, insider Steven P. Sherry sold 4,716 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $100.52, for a total value of $474,052.32. Following the completion of the transaction, the insider now directly owns 3,268 shares in the company, valued at $328,499.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Priscilla Hung sold 3,535 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $100.46, for a total value of $355,126.10. Following the transaction, the chief operating officer now owns 7,828 shares of the company’s stock, valued at $786,400.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,702 shares of company stock valued at $3,799,748. Corporate insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bremer Bank National Association bought a new position in shares of Guidewire Software during the 1st quarter worth approximately $29,000. Spectrum Management Group Inc. boosted its stake in shares of Guidewire Software by 143.4% during the 2nd quarter. Spectrum Management Group Inc. now owns 404 shares of the technology company’s stock worth $41,000 after acquiring an additional 238 shares during the period. Manchester Capital Management LLC bought a new position in shares of Guidewire Software during the 1st quarter worth approximately $49,000. Icon Wealth Partners LLC bought a new position in shares of Guidewire Software during the 1st quarter worth approximately $51,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Guidewire Software by 58.1% during the 1st quarter. Clearbridge Investments LLC now owns 680 shares of the technology company’s stock worth $66,000 after acquiring an additional 250 shares during the period.

Shares of NYSE:GWRE traded down $3.36 during mid-day trading on Wednesday, reaching $98.23. 6,526 shares of the stock were exchanged, compared to its average volume of 465,298. The company has a current ratio of 6.38, a quick ratio of 6.38 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $8.31 billion, a P/E ratio of 1,087.39, a P/E/G ratio of 35.00 and a beta of 1.18. Guidewire Software has a one year low of $73.82 and a one year high of $109.06. The business’s 50 day moving average price is $101.29.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. The business had revenue of $162.90 million during the quarter, compared to the consensus estimate of $155.23 million. Guidewire Software had a return on equity of 4.76% and a net margin of 10.66%. Guidewire Software’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. As a group, research analysts forecast that Guidewire Software will post 0.48 EPS for the current fiscal year.

Guidewire Software Company Profile

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, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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