Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Target Price at $178.62

Guidewire Software, Inc. (NYSE:GWRE) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $178.62.

GWRE has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Wells Fargo & Company lifted their price target on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Citigroup lifted their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, BTIG Research lifted their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $194.95 on Wednesday. The stock’s 50 day simple moving average is $178.91 and its 200 day simple moving average is $149.09. Guidewire Software has a twelve month low of $89.36 and a twelve month high of $196.65. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of -2,436.88, a PEG ratio of 47.99 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. On average, analysts forecast that Guidewire Software will post 0.53 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 4,514 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now owns 48,237 shares of the company’s stock, valued at $8,328,600.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Winston King sold 4,514 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Institutional Trading of Guidewire Software

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Guidewire Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after purchasing an additional 67,439 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Guidewire Software by 23.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares during the last quarter. Linonia Partnership LP grew its holdings in shares of Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after purchasing an additional 240,622 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Guidewire Software by 5.4% during the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock worth $145,236,000 after purchasing an additional 64,149 shares during the last quarter.

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.