Guidewire Software, Inc. (NYSE:GWRE) Receives $206.08 Average Target Price from Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $206.08.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, Robert W. Baird lifted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the transaction, the president now directly owns 164,030 shares of the company’s stock, valued at $30,829,438.50. The trade was a 1.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the sale, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at $58,979,036.40. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,280 shares of company stock worth $8,085,170. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after purchasing an additional 56 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after buying an additional 58 shares during the period. Norden Group LLC grew its position in Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after buying an additional 61 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Finally, Argonautica Private Wealth Management Inc. raised its holdings in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after acquiring an additional 75 shares in the last quarter.

Guidewire Software Price Performance

Shares of GWRE opened at $175.08 on Friday. The business’s 50-day moving average is $198.29 and its 200-day moving average is $189.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 486.34, a P/E/G ratio of 37.21 and a beta of 1.19. Guidewire Software has a fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Equities research analysts expect that Guidewire Software will post 0.52 EPS for the current fiscal year.

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.