Brokerages Set Guidewire Software, Inc. (NYSE:GWRE) PT at $249.85

Guidewire Software, Inc. (NYSE:GWREGet Free Report) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $249.8462.

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. BTIG Research increased 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 Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Stifel Nicolaus decreased their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, DA Davidson restated a “buy” rating and set a $246.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 10th.

Read Our Latest Stock Report on Guidewire Software

Insider Activity

In related news, CEO Michael George Rosenbaum sold 4,737 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $776,204.82. Following the sale, the chief executive officer owned 221,206 shares of the company’s stock, valued at approximately $36,246,815.16. This trade represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 6,576 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total value of $1,077,543.36. Following the transaction, the president owned 135,407 shares of the company’s stock, valued at $22,187,791.02. This represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,479 shares of company stock valued at $5,007,134. 0.46% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in Guidewire Software during the 1st quarter valued at about $25,000. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its holdings in shares of Guidewire Software by 620.0% during the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Guidewire Software during the third quarter worth approximately $35,000.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $130.22 on Friday. The business’s 50-day simple moving average is $144.16 and its 200 day simple moving average is $169.59. The company has a market cap of $11.02 billion, a P/E ratio of 59.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software has a one year low of $115.57 and a one year high of $272.60.

Guidewire Software (NYSE:GWREGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. The firm had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.Guidewire Software’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. On average, sell-side analysts forecast that Guidewire Software will post 1.84 earnings per share for the current fiscal year.

Guidewire Software Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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