Guidewire Software (NYSE:GWRE) Shares Down 6.4% - What's Next?

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report)'s stock price was down 6.4% on Tuesday . The stock traded as low as $152.49 and last traded at $152.0350. Approximately 475,939 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,579,951 shares. The stock had previously closed at $162.42. GWRE has been the subject of a number of research reports. Citigroup boosted their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a "neutral" rating in a research note on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research report on Monday, August 31st. DA Davidson reiterated a "buy" rating and issued a $222.00 price target on shares of Guidewire Software in a report on Friday. Stifel Nicolaus dropped their price target on Guidewire Software from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, June 5th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $216.23. View Our Latest Analysis on GWRE The firm has a 50 day moving average price of $161.89 and a two-hundred day moving average price of $146.79. The company has a market capitalization of $12.39 billion, a P/E ratio of 90.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.44 and a current ratio of 1.79. Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. On average, research analysts expect that Guidewire Software, Inc. will post 2.15 earnings per share for the current fiscal year. In other Guidewire Software news, CEO Michael Rosenbaum sold 1,200 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $204.44, for a total transaction of $245,328.00. Following the sale, the chief executive officer directly owned 186,576 shares in the company, valued at $38,143,597.44. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James King sold 1,684 shares of Guidewire Software stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total transaction of $219,997.76. Following the sale, the insider directly owned 30,018 shares of the company's stock, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 45,893 shares of company stock worth $7,023,158. 0.46% of the stock is owned by company insiders. Several hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of Guidewire Software by 11,874.0% during the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company's stock worth $1,446,752,000 after purchasing an additional 11,659,237 shares during the last quarter. Bamco Inc. NY acquired a new stake in Guidewire Software in the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP acquired a new stake in shares of Guidewire Software during the second quarter valued at about $853,165,000. Route One Investment Company L.P. acquired a new stake in shares of Guidewire Software during the second quarter worth approximately $227,564,000. Finally, Van ECK Associates Corp bought a new stake in Guidewire Software in the second quarter valued at about $149,611,000. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider Guidewire Software, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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