Guidewire Software, Inc. (NYSE:GWRE) Receives $216.23 Average Target Price from Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWREGet Free Report) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $216.2308.

A number of analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. Robert W. Baird lifted their price objective on Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Friday, September 4th. Wells Fargo & Company increased their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, Oppenheimer increased their target price on Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, September 4th.

Check Out Our Latest Stock Report on GWRE

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James King sold 1,684 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the transaction, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. This represents a 5.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John Mullen sold 14,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the transaction, the president directly owned 116,715 shares in the company, valued at $21,592,275. The trade was a 10.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,132 shares of company stock worth $5,584,477 in the last ninety days. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of GWRE. Principal Financial Group Inc. raised its position in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after buying an additional 997,992 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Guidewire Software by 3.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after acquiring an additional 15,260 shares during the period. Geode Capital Management LLC boosted its stake in shares of Guidewire Software by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares during the period. Entropy Technologies LP purchased a new position in Guidewire Software in the 4th quarter valued at about $5,837,000. Finally, Weiss Asset Management LP purchased a new position in Guidewire Software in the first quarter valued at about $6,087,000.

Guidewire Software Stock Down 1.4%

Shares of NYSE:GWRE opened at $146.75 on Friday. Guidewire Software has a fifty-two week low of $102.30 and a fifty-two week high of $255.89. The firm’s 50-day simple moving average is $163.73 and its 200-day simple moving average is $147.54. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 90.03 and a beta of 0.97. The company has a quick ratio of 2.44, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.

Guidewire Software (NYSE:GWREGet Free Report) last released its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The company had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts predict that Guidewire Software will post 2.46 earnings per share for the current year.

Guidewire Software Company Profile

(Get Free Report)

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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