Guidewire Software (NYSE:GWRE) Reaches New 52-Week High at $121.74

Guidewire Software, Inc. (NYSE:GWREGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $121.74 and last traded at $121.57, with a volume of 17664 shares. The stock had previously closed at $120.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GWRE shares. Robert W. Baird raised Guidewire Software from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $96.00 to $117.00 in a report on Tuesday, November 14th. Raymond James initiated coverage on Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on Guidewire Software from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Wells Fargo & Company upgraded Guidewire Software from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $104.73.

View Our Latest Stock Report on GWRE

Guidewire Software Price Performance

The business has a 50-day simple moving average of $112.88 and a 200 day simple moving average of $98.67. The stock has a market cap of $9.85 billion, a P/E ratio of -141.97 and a beta of 1.15. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.33.

Guidewire Software (NYSE:GWREGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The technology company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.06. Guidewire Software had a negative return on equity of 7.66% and a negative net margin of 7.59%. The firm had revenue of $207.41 million for the quarter, compared to analyst estimates of $201.00 million. On average, analysts forecast that Guidewire Software, Inc. will post -0.69 earnings per share for the current year.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 5,239 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $103.79, for a total value of $543,755.81. Following the transaction, the chief executive officer now directly owns 249,795 shares of the company’s stock, valued at approximately $25,926,223.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Priscilla Hung sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $103.79, for a total transaction of $188,067.48. Following the transaction, the chief operating officer now directly owns 40,151 shares of the company’s stock, valued at approximately $4,167,272.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 5,239 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $103.79, for a total value of $543,755.81. Following the transaction, the chief executive officer now directly owns 249,795 shares in the company, valued at $25,926,223.05. The disclosure for this sale can be found here. Insiders have sold 13,058 shares of company stock valued at $1,366,599 in the last ninety days. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Guidewire Software by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,067,513 shares of the technology company’s stock worth $879,682,000 after buying an additional 22,049 shares during the period. Bamco Inc. NY raised its stake in Guidewire Software by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock worth $561,499,000 after buying an additional 36,895 shares during the period. Wasatch Advisors LP raised its stake in Guidewire Software by 13.8% during the 2nd quarter. Wasatch Advisors LP now owns 2,933,445 shares of the technology company’s stock worth $223,176,000 after buying an additional 356,153 shares during the period. Route One Investment Company L.P. raised its stake in Guidewire Software by 2.5% during the 2nd quarter. Route One Investment Company L.P. now owns 2,865,580 shares of the technology company’s stock worth $218,013,000 after buying an additional 69,250 shares during the period. Finally, Van ECK Associates Corp raised its stake in Guidewire Software by 16.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after buying an additional 294,631 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

About Guidewire Software

(Get Free Report)

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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