By otakuyassine3@gmail.com 
Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $193.00.
A number of research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. 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. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th.
Read Our Latest Report on Guidewire Software
Guidewire Software Price Performance
GWRE stock opened at $168.86 on Thursday. The stock has a 50-day moving average price of $188.05 and a two-hundred day moving average price of $166.41. Guidewire Software has a 1 year low of $102.66 and a 1 year high of $209.15. The stock has a market cap of $14.10 billion, a PE ratio of 469.06, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.
Insider Transactions at Guidewire Software
In related news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the sale, the president now owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,347 shares of company stock worth $4,057,594. 0.48% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its stake in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares in the last quarter. Whale Rock Capital Management LLC grew its position 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 worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Guidewire Software by 8.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after purchasing an additional 165 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Guidewire Software by 326.8% during the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the period. Finally, Xponance Inc. raised its position in shares of Guidewire Software by 79.8% in the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after buying an additional 3,066 shares in the last quarter.
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.
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