Guidewire Software, Inc. (NYSE:GWRE) Receives $221.00 Average PT from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $221.00.

Several research analysts recently weighed in on GWRE shares. Citizens Jmp dropped their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. The Goldman Sachs Group decreased their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Stifel Nicolaus lowered their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Finally, DA Davidson cut their target price on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $138.34 on Friday. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 74.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software has a 12 month low of $102.30 and a 12 month high of $272.60. The stock’s 50 day moving average price is $132.87 and its 200 day moving average price is $141.37.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Equities research analysts anticipate that Guidewire Software will post 1.83 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 4,292 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $509,632.08. Following the transaction, the president owned 131,115 shares in the company, valued at approximately $15,568,595.10. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO David Franklin Peterson sold 246 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $29,210.04. Following the transaction, the chief accounting officer directly owned 12,287 shares in the company, valued at approximately $1,458,958.38. The trade was a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 28,993 shares of company stock worth $3,627,150. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Guidewire Software

Several large investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software during the third quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new stake in Guidewire Software during the first quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Guidewire Software during the fourth quarter valued at about $36,000. Leonteq Securities AG bought a new stake in Guidewire Software during the first quarter valued at about $36,000. Finally, Bogart Wealth LLC grew its position in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.