Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Target Price at $161.69

Guidewire Software, Inc. (NYSE:GWRE) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $161.69.

A number of analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. JMP Securities raised their target price on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. The disclosure for this sale can be found here. In the last three months, insiders sold 52,601 shares of company stock worth $8,984,892. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently bought and sold shares of GWRE. Transcendent Capital Group LLC acquired a new position in shares of Guidewire Software in the fourth quarter worth $27,000. ORG Partners LLC purchased a new stake in Guidewire Software during the 1st quarter worth about $29,000. Rothschild Investment LLC acquired a new position in Guidewire Software in the 2nd quarter valued at about $31,000. Lynx Investment Advisory purchased a new position in Guidewire Software in the 2nd quarter valued at about $41,000. Finally, DT Investment Partners LLC purchased a new position in Guidewire Software in the 2nd quarter valued at about $41,000.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $173.89 on Tuesday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of -1,337.62 and a beta of 1.18. The firm’s fifty day simple moving average is $151.80 and its 200-day simple moving average is $132.31. Guidewire Software has a 12 month low of $85.15 and a 12 month high of $176.00.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Guidewire Software will post 0.49 earnings per share for the current year.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.