Guidewire Software (NYSE:GWRE) Sets New 52-Week High – Time to Buy?

Guidewire Software, Inc. (NYSE:GWRE)’s stock price reached a new 52-week high on Thursday . The company traded as high as $217.56 and last traded at $207.53, with a volume of 764 shares changing hands. The stock had previously closed at $207.34.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GWRE. The Goldman Sachs Group assumed coverage on Guidewire Software in a research note on Thursday, January 23rd. They set a “buy” rating and a $210.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer raised their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Finally, Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.08.

Guidewire Software Trading Up 0.2 %

The firm has a market cap of $17.35 billion, a P/E ratio of 578.06, a P/E/G ratio of 47.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a fifty day moving average of $183.20 and a 200-day moving average of $173.18.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,706 shares of company stock valued at $5,570,969 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently made changes to their positions in GWRE. Atomi Financial Group Inc. raised its stake in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the period. Donoghue Forlines LLC purchased a new position in shares of Guidewire Software during the fourth quarter valued at $2,110,000. Icon Wealth Advisors LLC raised its position in Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after buying an additional 2,512 shares during the period. Whale Rock Capital Management LLC lifted its stake in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Guidewire Software by 326.8% during the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after acquiring an additional 16,692 shares during the period.

Guidewire Software Company Profile

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.