Guidewire Software, Inc. (NYSE:GWRE) Receives $206.08 Consensus Target Price from Brokerages

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $206.08.

A number of research firms have weighed in on GWRE. Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the transaction, the chief executive officer now owns 269,130 shares in the company, valued at $45,762,865.20. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the sale, the president now owns 174,746 shares in the company, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,622 shares of company stock valued at $5,112,632 in the last quarter. 0.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $25,000. Ossiam purchased a new stake in Guidewire Software during the 4th quarter valued at $29,000. Assetmark Inc. lifted its position in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software during the third quarter worth $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in Guidewire Software during the fourth quarter valued at $34,000.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $191.66 on Tuesday. The stock has a market cap of $16.08 billion, a P/E ratio of 532.39, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock’s fifty day moving average is $195.71 and its 200 day moving average is $186.41. Guidewire Software has a one year low of $107.00 and a one year high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Sell-side analysts anticipate that Guidewire Software will post 0.52 earnings per share for the current year.

About Guidewire Software

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.