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

Guidewire Software, Inc. (NYSE:GWRE) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $216.2308.

A number of equities research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $222.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Guggenheim raised their target price on shares of Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. The Goldman Sachs Group lowered their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Monday, August 31st. Finally, Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th.

Guidewire Software Stock Down 0.6%

GWRE opened at $144.11 on Friday. The business’s 50-day simple moving average is $164.08 and its 200-day simple moving average is $147.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.44 and a current ratio of 1.79. Guidewire Software has a one year low of $102.30 and a one year high of $255.89. The stock has a market capitalization of $12.00 billion, a P/E ratio of 88.41 and a beta of 0.97.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. Analysts anticipate that Guidewire Software will post 2.46 EPS for the current year.

Insider Activity

In other news, President John Mullen sold 14,400 shares of the stock in a transaction dated 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 completion of the sale, the president owned 116,715 shares in the company, valued at approximately $21,592,275. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing 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, CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $145.87, for a total value of $175,044.00. Following the transaction, the chief executive officer directly owned 230,082 shares in the company, valued at approximately $33,562,061.34. This represents a 0.52% 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. Over the last three months, insiders sold 33,132 shares of company stock valued at $5,584,477. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Castleark Management LLC raised its stake in shares of Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after purchasing an additional 80 shares during the last quarter. Avory & Company LLC grew its position in Guidewire Software by 10.0% in the 4th quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock valued at $239,000 after buying an additional 108 shares during the last quarter. Harbour Investments Inc. increased its stake in Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after buying an additional 112 shares during the period. Elevation Wealth Partners LLC increased its stake in Guidewire Software by 35.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock valued at $56,000 after buying an additional 119 shares during the period. Finally, D.A. Davidson & CO. raised its position in Guidewire Software by 3.0% during the 1st quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company’s stock worth $633,000 after buying an additional 124 shares during the last quarter.

About Guidewire Software

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.