Guidewire Software, Inc. (NYSE:GWRE) Receives $207.42 Consensus Price Target from Brokerages

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $207.42.

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird raised their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. DA Davidson downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price on the stock. in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now owns 258,593 shares in the company, valued at approximately $43,397,077.26. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the transaction, the chief financial officer now directly owns 71,538 shares of the company's stock, valued at approximately $13,550,012.58. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock valued at $6,222,685 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the first quarter valued at about $25,000. Quarry LP bought a new position in shares of Guidewire Software during the first quarter valued at about $28,000. Rise Advisors LLC purchased a new stake in shares of Guidewire Software during the first quarter worth about $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares during the period.

Guidewire Software Stock Performance

Guidewire Software stock traded up $0.55 during midday trading on Friday, reaching $209.91. 282,391 shares of the stock traded hands, compared to its average volume of 930,835. The firm has a fifty day moving average price of $198.56 and a two-hundred day moving average price of $193.65. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 582.67, a PEG ratio of 37.21 and a beta of 1.18. Guidewire Software has a fifty-two week low of $107.65 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, equities research analysts forecast that Guidewire Software will post 0.52 earnings per share for the current year.

About Guidewire Software

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.