Guidewire Software, Inc. (NYSE:GWRE) Stock Has Consensus Price Target of $216.23

Key Points

• Analysts maintain a positive outlook: Guidewire Software has a consensus “Moderate Buy” rating from 16 analysts, with 12 buys and 4 holds. The average 12-month price target is $216.23, although recent targets range from $210 to $235.
• Quarterly results exceeded expectations: The company reported adjusted earnings of $0.99 per share versus the $0.93 consensus estimate, while revenue reached $411.09 million, up 15.3% year over year and above estimates.
• Shares remain richly valued amid insider selling: GWRE opened at $164.69, with a market capitalization of $13.71 billion and a P/E ratio of 101.04. Insiders sold $28.8 million of stock over the past three months, primarily through pre-arranged plans to cover tax obligations.

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $216.23.

A number of brokerages have commented on GWRE. Robert W. Baird boosted their target price on Guidewire Software from $202.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Guidewire Software in a research note on Monday, August 31st. BTIG Research lifted their price target on Guidewire Software from $175.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $215.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Guggenheim increased their price objective on Guidewire Software from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 27th.

Guidewire Software Trading Up 0.9%

Shares of NYSE:GWRE opened at $164.69 on Wednesday. The firm has a fifty day moving average of $165.88 and a two-hundred day moving average of $146.77. The firm has a market capitalization of $13.71 billion, a P/E ratio of 101.04 and a beta of 1.02. Guidewire Software has a 12-month low of $102.30 and a 12-month high of $255.89. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly 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. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. During the same period in the prior year, the business posted $0.84 earnings per share. Guidewire Software's revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities analysts expect that Guidewire Software will post 2.45 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James King sold 1,381 shares of the business's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $144.98, for a total value of $200,217.38. Following the completion of the sale, the insider directly owned 44,558 shares of the company's stock, valued at $6,460,018.84. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO David Peterson sold 1,905 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $144.47, for a total transaction of $275,215.35. Following the transaction, the chief accounting officer owned 12,233 shares in the company, valued at approximately $1,767,301.51. This trade represents a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 193,232 shares of company stock valued at $28,819,824. Insiders own 0.46% of the company's stock.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently bought and sold shares of GWRE. CX Institutional lifted its position in shares of Guidewire Software by 8.6% in the third quarter. CX Institutional now owns 863 shares of the technology company's stock worth $123,000 after buying an additional 68 shares during the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Guidewire Software by 0.4% during the 2nd quarter. Greenwich Wealth Management LLC now owns 37,614 shares of the technology company's stock valued at $4,628,000 after acquiring an additional 146 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Guidewire Software by 5.1% in the 2nd quarter. QRG Capital Management Inc. now owns 5,280 shares of the technology company's stock valued at $650,000 after acquiring an additional 258 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Guidewire Software by 20.5% in the 2nd quarter. Tidal Investments LLC now owns 11,134 shares of the technology company's stock valued at $1,370,000 after acquiring an additional 1,895 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Guidewire Software in the 2nd quarter worth approximately $53,000.

About Guidewire Software

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company's principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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