Guidewire Software, Inc. (NYSE:GWRE) Receives $193.00 Consensus PT from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $193.00.

Several equities research analysts have recently issued reports on GWRE shares. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Robert W. Baird upped their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th.

Guidewire Software Price Performance

Shares of GWRE opened at $171.23 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The firm has a market cap of $14.30 billion, a PE ratio of 475.64, a PEG ratio of 45.60 and a beta of 1.18. The firm’s 50 day moving average price is $188.05 and its 200 day moving average price is $165.99. Guidewire Software has a twelve month low of $102.66 and a twelve month high of $209.15.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,347 shares of company stock valued at $4,057,594 over the last quarter. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. increased its position 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 purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the 3rd quarter valued at $33,000. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter valued at $31,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the 3rd quarter worth $42,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares in 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.