Brokerages Set Guidewire Software, Inc. (NYSE:GWRE) PT at $221.36

Guidewire Software, Inc. (NYSE:GWREGet Free Report) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $221.3636.

GWRE has been the topic of several recent analyst reports. The Goldman Sachs Group cut 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 note on Friday, June 5th. BTIG Research decreased their target price on Guidewire Software from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Royal Bank Of Canada lowered their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus dropped their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, Wells Fargo & Company reduced their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, June 5th.

View Our Latest Stock Report on Guidewire Software

Key Headlines Impacting Guidewire Software

Here are the key news stories impacting Guidewire Software this week:

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,830 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $692,254.20. Following the transaction, the chief executive officer directly owned 199,776 shares of the company’s stock, valued at approximately $23,721,402.24. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President John P. Mullen sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $509,632.08. Following the completion of the transaction, the president owned 131,115 shares in the company, valued at approximately $15,568,595.10. This represents a 3.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 29,709 shares of company stock valued at $3,740,332 in the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently modified their holdings of GWRE. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software in the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC bought a new stake in Guidewire Software in the fourth quarter worth approximately $36,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software during the 1st quarter worth $36,000. Finally, Bogart Wealth LLC increased its stake in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after purchasing an additional 138 shares during the last quarter.

Guidewire Software Trading Up 3.7%

Shares of NYSE GWRE opened at $127.55 on Monday. Guidewire Software has a 12 month low of $102.30 and a 12 month high of $272.60. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 68.95 and a beta of 0.95. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $131.60 and a 200-day simple moving average of $148.62.

Guidewire Software (NYSE:GWREGet Free Report) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter last year, the business posted $0.88 EPS. Guidewire Software’s revenue was up 26.9% on a year-over-year basis. Sell-side analysts predict that Guidewire Software will post 1.83 EPS for the current year.

Guidewire Software Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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