Brokerages Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $186.08

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $186.08.

GWRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. BTIG Research increased their target price on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Guidewire Software

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the third quarter worth approximately $33,000. Rothschild Investment LLC acquired a new position in shares of Guidewire Software in the 2nd quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter valued at $42,000. Finally, DT Investment Partners LLC acquired a new stake in Guidewire Software during the 2nd quarter worth $41,000.

Guidewire Software Stock Up 1.6 %

Shares of NYSE:GWRE opened at $204.07 on Friday. The business’s 50-day moving average is $189.83 and its 200 day moving average is $158.96. Guidewire Software has a 1 year low of $95.02 and a 1 year high of $207.10.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. On average, equities research analysts predict that Guidewire Software will post 0.53 EPS 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.