Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) has an average rating of “Buy” from the nine analysts covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating. The average one-year price target among brokers who updated their coverage of the stock in the past year is $115.11.
Several brokers have recently released reports on GWRE. Wells Fargo & Company raised shares of Guidewire Software from an “equalweight” rating to an “overweight” rating in a report on Wednesday, December 20th. DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a report on Tuesday, March 5th. Robert W. Baird raised their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7. Oppenheimer lifted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22. Finally, Raymond James initiated coverage on shares of Guidewire Software in a report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target for the company.
Read our latest report on GWRE
Guidewire software rises 1.2%
Shares of Guidewire Software opened at $116.74 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. The company has a fifty-day moving average of $115.78 and a 200-day moving average of $103.38. Guidewire Software has a 1-year low of $68.45 and a 1-year high of $122.35. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of -188.29 and a beta of 1.15.
Insider transactions at Guidewire Software
In other news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction dated Tuesday, March 19. The stock sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the CEO now owns 245,375 shares in the company, valued at $27,420,656.25. The explanation of this sale can be found here. Insiders have sold 9,618 company shares worth $1,073,918 in the last 90 days. Corporate insiders own 0.38% of the company’s shares.
Hedge funds weigh in on Guidewire software
Several institutional investors and hedge funds have recently bought and sold shares of GWRE. HighTower Advisors LLC grew its stake in Guidewire Software by 5.5% in the first quarter. HighTower Advisors LLC now owns 13,825 shares of the technology company’s stock valued at $1,311,000 after purchasing an additional 726 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Guidewire Software by 6.6% in the first quarter. Cetera Advisor Networks LLC now owns 4,428 shares of the technology company’s stock valued at $419,000 after purchasing an additional 276 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Guidewire Software during the first quarter valued at approximately $253,000. MetLife Investment Management LLC acquired a new position in Guidewire Software during the first quarter valued at approximately $159,000. Finally, Raymond James Trust NA increased its stake in Guidewire Software by 2.0% in the first quarter. Raymond James Trust NA now owns 10,089 shares of the technology company’s stock valued at $955,000 after purchasing an additional 195 shares in the last quarter.
Guidewire Software Company Profile
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Guidewire Software, Inc provides a platform for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications. It also offers Guidewire InsuranceNow, a cloud-based platform that provides policy, billing and claims management functionality to insurers; and Guidewire InsuranceSuite for self-management.
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