Guidewire Software (NYSE:GWRE) Hits New 1-Year Low – What’s Next?

Guidewire Software, Inc. (NYSE:GWRE) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $113.67 and last traded at $118.4550, with a volume of 97370 shares traded. The stock had previously closed at $116.59.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wells Fargo & Company decreased their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Citizens Jmp decreased their target price on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus decreased their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Finally, The Goldman Sachs Group lowered their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $229.00.

Guidewire Software Stock Up 0.1%

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.93. The firm has a market cap of $9.72 billion, a PE ratio of 63.26 and a beta of 0.93. The business has a fifty day moving average price of $138.63 and a two-hundred day moving average price of $158.62.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, analysts anticipate that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, June 8th. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00. Following the completion of the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at approximately $28,047,029.72. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,679 shares of company stock worth $5,178,014 over the last ninety days. 0.46% of the stock is currently owned by company insiders.

Institutional Trading of Guidewire Software

A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Guidewire Software by 4.6% during the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Guidewire Software by 9.3% in the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock worth $145,000 after buying an additional 53 shares during the last quarter. American Trust lifted its position in shares of Guidewire Software by 3.9% in the third quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after buying an additional 61 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Guidewire Software by 1.7% in the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after buying an additional 70 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Guidewire Software by 18.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after buying an additional 78 shares during the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.