Guidewire Software, Inc. (NYSE:GWRE) Receives $271.29 Consensus Target Price from Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $271.2857.

A number of research firms have recently weighed in on GWRE. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. Citigroup upped their target price on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Citizens Jmp reiterated a “market outperform” rating and set a $281.00 price target on shares of Guidewire Software in a research report on Wednesday, December 10th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, BTIG Research reiterated a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a report on Wednesday, December 17th.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $551,653.76. Following the completion of the transaction, the chief financial officer directly owned 74,201 shares of the company’s stock, valued at $14,252,528.08. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President John P. Mullen sold 7,975 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $1,531,838.00. Following the sale, the president directly owned 141,983 shares in the company, valued at $27,272,094.64. This represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,740 shares of company stock worth $10,859,052 in the last 90 days. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Procyon Advisors LLC increased its position in shares of Guidewire Software by 4.5% during the fourth quarter. Procyon Advisors LLC now owns 3,777 shares of the technology company’s stock worth $759,000 after acquiring an additional 162 shares during the period. Park Avenue Securities LLC grew its stake in Guidewire Software by 21.8% during the 4th quarter. Park Avenue Securities LLC now owns 8,007 shares of the technology company’s stock worth $1,609,000 after purchasing an additional 1,431 shares in the last quarter. City Center Advisors LLC purchased a new stake in Guidewire Software during the 4th quarter worth about $268,000. Allworth Financial LP raised its position in Guidewire Software by 56.0% in the 3rd quarter. Allworth Financial LP now owns 1,137 shares of the technology company’s stock valued at $261,000 after purchasing an additional 408 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after buying an additional 49 shares during the period.

Guidewire Software Stock Performance

NYSE:GWRE opened at $187.81 on Monday. The company’s 50-day moving average is $209.01 and its two-hundred day moving average is $223.42. Guidewire Software has a 1-year low of $165.08 and a 1-year high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 178.87, a PEG ratio of 12.25 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. Analysts forecast that Guidewire Software will post 0.52 EPS for the current year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.