Brokerages Set Guidewire Software, Inc. (NYSE:GWRE) PT at $186.08

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $189.31.

Several research analysts have weighed in on the company. BTIG Research boosted their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Finally, Oppenheimer raised their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now directly owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GWRE. Mirae Asset Global Investments Co. Ltd. grew its stake in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after buying an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after acquiring an additional 79 shares during the last quarter. CIBC Asset Management Inc raised its position in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after purchasing an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its holdings in shares of Guidewire Software by 4.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after purchasing an additional 130 shares in the last quarter.

Guidewire Software Trading Down 0.3 %

Shares of GWRE opened at $206.57 on Friday. Guidewire Software has a 12 month low of $95.02 and a 12 month high of $209.15. The firm has a fifty day simple moving average of $191.59 and a 200 day simple moving average of $160.19. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of -2,581.80, a PEG ratio of 52.81 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the company earned $0.30 EPS. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Guidewire Software will post 0.53 earnings per share for the current fiscal 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.