Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Target Price at $115.11

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have received an average rating of "Buy" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is $115.11.

Several equities analysts recently weighed in on GWRE shares. DA Davidson reissued a "buy" rating and issued a $126.00 target price on shares of Guidewire Software in a research note on Tuesday, March 5th. Oppenheimer raised their target price on shares of Guidewire Software from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Robert W. Baird raised their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Finally, Raymond James started coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They issued an "outperform" rating and a $125.00 target price for the company.

Guidewire Software Stock Down 0.2 %

Shares of NYSE GWRE traded down $0.26 during midday trading on Friday, reaching $107.64. The company's stock had a trading volume of 376,312 shares, compared to its average volume of 484,414. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -173.61 and a beta of 1.15. The stock has a 50 day simple moving average of $115.37 and a 200-day simple moving average of $105.99.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Equities research analysts predict that Guidewire Software will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares of the company's stock, valued at $16,695,114.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider John P. Mullen sold 3,665 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the sale, the insider now owns 149,397 shares of the company's stock, valued at $16,695,114.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the sale, the chief executive officer now directly owns 245,375 shares of the company's stock, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. Insiders sold a total of 9,435 shares of company stock valued at $1,053,821 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of GWRE. Comerica Bank acquired a new position in Guidewire Software in the second quarter valued at about $180,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software in the fourth quarter valued at about $27,000. RiverPark Advisors LLC acquired a new position in Guidewire Software in the fourth quarter valued at about $27,000. Banque Cantonale Vaudoise acquired a new position in Guidewire Software in the third quarter valued at about $25,000. Finally, CENTRAL TRUST Co acquired a new position in Guidewire Software in the third quarter valued at about $29,000.

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.