Shares of Guidewire Software Inc (NYSE:GWRE) have been assigned an average recommendation of “Buy” from the eleven brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $68.86.

A number of analysts have recently issued reports on GWRE shares. Bank of America Corp. downgraded shares of Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a report on Friday, September 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. Deutsche Bank AG reissued a “buy” rating and issued a $80.00 price objective on shares of Guidewire Software in a report on Thursday, September 29th. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Guidewire Software in a report on Tuesday, October 4th. They issued a “neutral” rating and a $57.00 price objective on the stock. They noted that the move was a valuation call.

In other news, insider Scott Roza sold 781 shares of Guidewire Software stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $56.16, for a total transaction of $43,860.96. Following the sale, the insider now owns 982 shares in the company, valued at $55,149.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Priscilla Hung sold 970 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $61.52, for a total transaction of $59,674.40. Following the sale, the insider now owns 345 shares in the company, valued at approximately $21,224.40. The disclosure for this sale can be found here.

Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in Guidewire Software by 8.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,364,991 shares of the company’s stock valued at $381,772,000 after buying an additional 500,090 shares during the last quarter. William Blair Investment Management LLC raised its position in Guidewire Software by 3.9% in the second quarter. William Blair Investment Management LLC now owns 5,136,907 shares of the company’s stock worth $317,255,000 after buying an additional 192,866 shares during the period. Artisan Partners Limited Partnership raised its position in Guidewire Software by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,099,484 shares of the company’s stock worth $314,944,000 after buying an additional 267,520 shares during the period. Brown Capital Management LLC raised its position in Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock worth $154,756,000 after buying an additional 340,121 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in Guidewire Software by 2.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,813,113 shares of the company’s stock worth $108,751,000 after buying an additional 46,203 shares during the period.

Guidewire Software (NYSE:GWRE) opened at 58.30 on Tuesday. The stock has a market cap of $4.26 billion and a PE ratio of 291.50. Guidewire Software has a 1-year low of $42.32 and a 1-year high of $64.78. The firm has a 50-day moving average of $57.92 and a 200-day moving average of $59.92.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $141.18 million for the quarter, compared to analysts’ expectations of $136.09 million. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Analysts expect that Guidewire Software will post $0.76 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/11/25/analysts-set-guidewire-software-inc-gwre-target-price-at-68-86.html.

Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

5 Day Chart for NYSE:GWRE

Receive News & Stock Ratings for Guidewire Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc and related stocks with our FREE daily email newsletter.