Guidewire Software, Inc. (NYSE:GWRE) Receives $178.62 Consensus Price Target from Analysts

Guidewire Software, Inc. (NYSE:GWRE) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $178.62.

A number of brokerages have recently commented on GWRE. Robert W. Baird raised their price target on Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. The Goldman Sachs Group lifted their target price on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Finally, Citigroup lifted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20. Following the completion of the sale, the chief financial officer now directly owns 78,411 shares in the company, valued at $13,541,579.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,601 shares of company stock worth $9,050,448. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Guidewire Software by 116.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,333 shares of the technology company’s stock valued at $20,550,000 after buying an additional 60,524 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Guidewire Software by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 126,133 shares of the technology company’s stock valued at $23,075,000 after acquiring an additional 2,418 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $3,760,000. Pathstone Holdings LLC raised its stake in shares of Guidewire Software by 7.6% in the 3rd quarter. Pathstone Holdings LLC now owns 26,184 shares of the technology company’s stock valued at $4,790,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Guidewire Software by 323,860.0% in the 3rd quarter. Quest Partners LLC now owns 16,198 shares of the technology company’s stock valued at $2,963,000 after acquiring an additional 16,193 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $194.95 on Wednesday. Guidewire Software has a 1-year low of $89.36 and a 1-year high of $196.65. The business’s fifty day moving average price is $178.91 and its two-hundred day moving average price is $149.09. The firm has a market capitalization of $16.28 billion, a PE ratio of -2,436.88, a P/E/G ratio of 47.99 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts expect that Guidewire Software will post 0.53 earnings per share for the current fiscal year.

Guidewire Software Company Profile

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.