Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $251.50

Guidewire Software, Inc. (NYSE:GWREGet Free Report) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $229.00.

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Citizens Jmp lowered their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Wells Fargo & Company reduced their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Oppenheimer reduced their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Finally, BTIG Research reiterated a “buy” rating and set a $200.00 price objective on shares of Guidewire Software in a research report on Tuesday, June 2nd.

View Our Latest Report on GWRE

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $135.62, for a total transaction of $162,744.00. Following the sale, the chief executive officer owned 206,806 shares in the company, valued at $28,047,029.72. This trade represents a 0.58% decrease in their ownership of the stock. The transaction 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. Insiders have sold a total of 33,679 shares of company stock worth $5,178,014 in the last quarter. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd raised its position in shares of Guidewire Software by 901.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company’s stock valued at $2,094,000 after buying an additional 8,200 shares during the last quarter. Comerica Bank increased its position in Guidewire Software by 52.0% in the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock worth $15,811,000 after purchasing an additional 26,912 shares during the last quarter. BDF Gestion bought a new stake in Guidewire Software in the fourth quarter worth $1,803,000. American Century Companies Inc. increased its position in Guidewire Software by 3.4% in the third quarter. American Century Companies Inc. now owns 520,390 shares of the technology company’s stock worth $119,617,000 after purchasing an additional 17,104 shares during the last quarter. Finally, Fieldview Capital Management LLC bought a new stake in Guidewire Software in the third quarter worth $2,862,000.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $116.83 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.93. Guidewire Software has a 1-year low of $115.57 and a 1-year high of $272.60. The company has a market capitalization of $9.73 billion, a P/E ratio of 63.15 and a beta of 0.93. The firm’s 50 day simple moving average is $138.63 and its two-hundred day simple moving average is $158.62.

Guidewire Software (NYSE:GWREGet Free Report) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. Research analysts expect that Guidewire Software will post 1.84 EPS 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.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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