Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $272.92

Guidewire Software, Inc. (NYSE:GWRE) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $272.9231.

Several research analysts have recently commented on GWRE shares. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Robert W. Baird increased their price target on Guidewire Software from $270.00 to $288.00 and gave the company an “outperform” rating in a report on Friday, September 5th. DA Davidson reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Guidewire Software in a report on Monday, December 1st. Oppenheimer upped their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th.

Guidewire Software Stock Performance

NYSE GWRE opened at $205.13 on Thursday. The company has a market capitalization of $17.44 billion, a PE ratio of 195.36, a price-to-earnings-growth ratio of 13.43 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $225.34 and its 200 day moving average price is $228.75. Guidewire Software has a twelve month low of $165.08 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. On average, research analysts predict that Guidewire Software will post 0.52 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 798 shares of Guidewire Software stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $222.54, for a total transaction of $177,586.92. Following the completion of the sale, the insider owned 37,019 shares of the company’s stock, valued at approximately $8,238,208.26. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $213.44, for a total value of $640,320.00. Following the transaction, the president owned 149,958 shares in the company, valued at $32,007,035.52. The trade was a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 112,342 shares of company stock worth $27,043,386 over the last quarter. 0.46% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

Large investors have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software in the third quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in shares of Guidewire Software in the 3rd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Guidewire Software in the 2nd quarter valued at $30,000. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the first quarter worth $25,000. Finally, Westside Investment Management Inc. bought a new position in Guidewire Software during the second quarter worth $32,000.

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.