Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $248.31

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $248.31.

Several equities research analysts have recently commented on GWRE shares. Oppenheimer boosted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities increased their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. Finally, Citigroup increased their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th.

Guidewire Software Stock Performance

NYSE:GWRE traded up $2.14 during mid-day trading on Monday, hitting $222.29. The stock had a trading volume of 669,937 shares, compared to its average volume of 1,042,631. Guidewire Software has a twelve month low of $132.01 and a twelve month high of $263.20. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 555.74, a PEG ratio of 19.52 and a beta of 1.16. The company's 50 day simple moving average is $228.37 and its 200 day simple moving average is $204.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. On average, equities research analysts forecast that Guidewire Software will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Keller sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the transaction, the director owned 10,410 shares in the company, valued at $2,472,687.30. This represents a 8.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,460 shares of company stock valued at $3,941,276 over the last quarter. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. ANB Bank lifted its stake in shares of Guidewire Software by 3.5% in the 1st quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after purchasing an additional 54 shares during the period. Brooklyn Investment Group grew its holdings in Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after purchasing an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Guidewire Software by 40.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 238 shares of the technology company's stock worth $56,000 after purchasing an additional 68 shares during the period. Fifth Third Bancorp grew its holdings in Guidewire Software by 16.4% in the first quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock worth $107,000 after purchasing an additional 80 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its holdings in Guidewire Software by 2.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock worth $689,000 after purchasing an additional 80 shares during the period.

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.