Guidewire Software, Inc. (NYSE:GWRE) Receives $115.11 Consensus Target Price from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $115.11.

A number of equities analysts recently commented on GWRE shares. DA Davidson restated a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a report on Tuesday, March 5th. Raymond James assumed coverage on Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target for the company. Oppenheimer raised their price target on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Robert W. Baird raised their price target on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th.

Guidewire Software Stock Performance

NYSE:GWRE opened at $109.77 on Friday. The firm has a market cap of $9.04 billion, a PE ratio of -177.05 and a beta of 1.15. Guidewire Software has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The business has a 50 day moving average price of $115.21 and a 200-day moving average price of $106.26.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The firm had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. Equities research analysts predict that Guidewire Software will post -0.42 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,435 shares of company stock valued at $1,053,821. 0.38% of the stock is owned by company insiders.

Institutional Trading of Guidewire Software

Large investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its stake in Guidewire Software by 253.3% in the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock worth $1,126,000 after acquiring an additional 8,970 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Guidewire Software by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock worth $724,092,000 after purchasing an additional 38,954 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Guidewire Software by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock worth $4,778,000 after purchasing an additional 13,136 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Guidewire Software by 1,318.8% in the 3rd quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company’s stock worth $3,880,000 after purchasing an additional 39,669 shares during the period. Finally, Yarbrough Capital LLC boosted its holdings in shares of Guidewire Software by 56.3% in the 4th quarter. Yarbrough Capital LLC now owns 7,519 shares of the technology company’s stock worth $820,000 after purchasing an additional 2,709 shares during the period.

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.