Guidewire Software, Inc. (NYSE:GWRE) Stock Has Average Price Target of $216.23

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $216.23.

Several brokerages have recently commented on GWRE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. JPMorgan Chase & Co. dropped their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Oppenheimer boosted their target price on shares of Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Monday, August 31st.

Guidewire Software Trading Down 0.1%

NYSE GWRE opened at $167.15 on Wednesday. The business has a 50 day simple moving average of $166.35 and a 200 day simple moving average of $146.96. Guidewire Software has a one year low of $102.30 and a one year high of $255.89. The stock has a market capitalization of $13.92 billion, a P/E ratio of 102.55 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same period in the previous year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Research analysts expect that Guidewire Software will post 2.45 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, CFO Jeffrey Cooper sold 23,234 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $144.47, for a total value of $3,356,615.98. Following the completion of the sale, the chief financial officer directly owned 95,361 shares of the company’s stock, valued at $13,776,803.67. The trade was a 19.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, CAO David Peterson sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $200.00, for a total value of $500,000.00. Following the transaction, the chief accounting officer directly owned 9,787 shares in the company, valued at approximately $1,957,400. This trade represents a 20.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 190,348 shares of company stock worth $28,433,663. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in GWRE. CX Institutional boosted its position in shares of Guidewire Software by 8.6% during the third quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after buying an additional 68 shares during the last quarter. Castleark Management LLC grew its holdings in Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after buying an additional 80 shares in the last quarter. Avory & Company LLC grew its holdings in Guidewire Software by 10.0% during the fourth quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock worth $239,000 after buying an additional 108 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in Guidewire Software by 35.1% during the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock worth $56,000 after buying an additional 119 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Guidewire Software by 3.0% in the 1st quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company’s stock valued at $633,000 after buying an additional 124 shares during the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.