Guidewire Software, Inc. (NYSE:GWRE) Receives $178.62 Average Target Price from Analysts

Guidewire Software, Inc. (NYSE:GWRE) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have given 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.

A number of research analysts recently commented on GWRE shares. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Finally, Citigroup raised their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $187.88 on Friday. Guidewire Software has a one year low of $85.15 and a one year high of $188.47. The company’s 50-day simple moving average is $162.83 and its 200-day simple moving average is $139.41. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of -1,445.23 and a beta of 1.19.

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

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Jeffrey Elliott Cooper sold 10,334 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the completion of the transaction, the chief financial officer now directly owns 83,367 shares of the company’s stock, valued at $14,352,462.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $8,984,892 over the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Transcendent Capital Group LLC bought a new stake in Guidewire Software in the fourth quarter valued at approximately $27,000. ORG Partners LLC bought a new stake in Guidewire Software in the first quarter valued at approximately $29,000. Rothschild Investment LLC bought a new stake in Guidewire Software in the second quarter valued at approximately $31,000. Lynx Investment Advisory bought a new stake in Guidewire Software in the second quarter valued at approximately $41,000. Finally, DT Investment Partners LLC bought a new stake in Guidewire Software in the second quarter valued at approximately $41,000.

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.