Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $193.00

Guidewire Software, Inc. (NYSE:GWRE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently 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 issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $193.00.

Several analysts recently weighed in on GWRE shares. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Citigroup upped their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th.

Insider Activity

In related news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 1,509 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,347 shares of company stock valued at $4,057,594 in the last ninety days. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

A number of large investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in Guidewire Software during the second quarter worth about $31,000. Assetmark Inc. boosted its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new position in Guidewire Software in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the 3rd quarter valued at $42,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Guidewire Software during the second quarter worth $55,000.

Guidewire Software Trading Down 1.8 %

Shares of NYSE GWRE opened at $171.23 on Thursday. The firm has a 50 day moving average price of $188.05 and a two-hundred day moving average price of $165.99. The stock has a market cap of $14.30 billion, a P/E ratio of 475.64, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. Guidewire Software has a 52-week low of $102.66 and a 52-week high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

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.