Guidewire Software (NYSE:GWRE) Hits New 12-Month High – What’s Next?

Guidewire Software, Inc. (NYSE:GWRE) hit a new 52-week high during trading on Wednesday . The stock traded as high as $218.01 and last traded at $217.15, with a volume of 940885 shares changing hands. The stock had previously closed at $212.68.

Analysts Set New Price Targets

GWRE has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group began coverage on Guidewire Software in a research report on Thursday, January 23rd. They issued a “buy” rating and a $210.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $202.00.

Guidewire Software Price Performance

The stock has a market capitalization of $18.16 billion, a P/E ratio of 603.90, a PEG ratio of 54.93 and a beta of 1.25. The company’s 50 day simple moving average is $184.68 and its two-hundred day simple moving average is $176.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s 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 transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,106 shares of company stock worth $6,489,127. 0.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in shares of Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after acquiring an additional 56 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after purchasing an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after buying an additional 60 shares during the period. Norden Group LLC boosted its position in Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after acquiring an additional 61 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after purchasing an additional 75 shares during the last quarter.

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.