Guidewire Software (NYSE:GWRE) Price Target Raised to $210.00 at Guggenheim

Key Points

• Guggenheim raised Guidewire Software’s price target from $180 to $210 and maintained a “Buy” rating, implying 4.34% upside from the prior close.
• Analyst sentiment remains positive, with 13 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $223.79.
• Guidewire’s latest quarterly results exceeded expectations: earnings per share came in at $0.82 versus $0.74 expected, while revenue rose 26.9% year over year to $372.54 million.

Guidewire Software (NYSE:GWRE - Get Free Report) had its price target lifted by analysts at Guggenheim from $180.00 to $210.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Guggenheim's target price would suggest a potential upside of 4.34% from the stock's previous close.

A number of other equities analysts have also recently issued reports on GWRE. Zacks Research cut Guidewire Software from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Piper Sandler began coverage on Guidewire Software in a research report on Monday, August 10th. They set an "overweight" rating and a $210.00 target price for the company. The Goldman Sachs Group lowered their target price on shares of Guidewire Software from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada cut their price target on shares of Guidewire Software from $250.00 to $215.00 and set an "outperform" rating on the stock in a report on Friday, June 5th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $175.00 price target on shares of Guidewire Software in a research note on Thursday, July 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $223.79.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $201.26 on Thursday. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 108.17 and a beta of 0.92. Guidewire Software has a 12 month low of $102.30 and a 12 month high of $272.60. The firm's 50-day moving average is $149.06 and its 200 day moving average is $143.19. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. Research analysts predict that Guidewire Software will post 1.83 EPS for the current year.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 1,684 shares of the company's stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the sale, the insider directly owned 30,018 shares of the company's stock, valued at $3,921,551.52. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the completion of the sale, the president directly owned 116,715 shares of the company's stock, valued at approximately $21,592,275. This trade represents a 10.98% 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. Insiders sold 44,593 shares of company stock worth $6,631,278 in the last ninety days. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new position in Guidewire Software during the first quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in Guidewire Software during the second quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software during the 3rd quarter valued at $29,000. Silvant Capital Management LLC bought a new stake in Guidewire Software during the 2nd quarter valued at $33,000. Finally, Leonteq Securities AG bought a new stake in Guidewire Software during the 1st quarter valued at $36,000.

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.

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