BTIG Research Reiterates Buy Rating for Guidewire Software (NYSE:GWRE)

Guidewire Software (NYSE:GWRE)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $250.00 price objective on the technology company’s stock. BTIG Research’s target price points to a potential upside of 28.99% from the company’s current price.

Several other equities analysts also recently commented on GWRE. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Citigroup lifted their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Wall Street Zen lowered shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Oppenheimer upped their target price on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.00.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $193.81 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The stock has a 50 day moving average price of $223.90 and a two-hundred day moving average price of $228.62. The company has a market capitalization of $16.48 billion, a P/E ratio of 184.58, a PEG ratio of 12.72 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. Analysts expect that Guidewire Software will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 798 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $222.54, for a total value of $177,586.92. Following the sale, the insider directly owned 37,019 shares of the company’s stock, valued at approximately $8,238,208.26. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $213.44, for a total value of $640,320.00. Following the completion of the transaction, the president directly owned 149,958 shares of the company’s stock, valued at approximately $32,007,035.52. This represents a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,093 shares of company stock valued at $10,156,995 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software in the 3rd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in shares of Guidewire Software during the third quarter valued at $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Guidewire Software during the second quarter valued at $30,000. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the 1st quarter worth about $25,000. Finally, Westside Investment Management Inc. purchased a new position in Guidewire Software in the 2nd quarter worth about $32,000.

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.