Guidewire Software, Inc. (NYSE:GWRE) Receives $221.64 Consensus PT from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $221.6429.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Piper Sandler started coverage on shares of Guidewire Software in a research report on Monday, August 10th. They issued an “overweight” rating and a $210.00 price objective on the stock. Citizens Jmp reduced their price objective on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. Stifel Nicolaus decreased their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd.

Guidewire Software Price Performance

Shares of GWRE opened at $189.19 on Tuesday. The stock has a 50 day simple moving average of $144.61 and a 200 day simple moving average of $141.87. Guidewire Software has a 52-week low of $102.30 and a 52-week high of $272.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market capitalization of $15.75 billion, a PE ratio of 102.26 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. During the same period last year, the company posted $0.88 EPS. The business’s quarterly 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 fiscal year.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,830 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20. Following the transaction, the chief executive officer owned 199,776 shares of the company’s stock, valued at $23,721,402.24. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $308,011.56. Following the transaction, the chief financial officer directly owned 63,467 shares in the company, valued at $7,536,071.58. This trade represents a 3.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 44,593 shares of company stock valued at $6,572,106 in the last ninety days. 0.46% of the stock is owned by company insiders.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in GWRE. Bamco Inc. NY bought a new position in shares of Guidewire Software in the 2nd quarter valued at about $1,106,768,000. Linonia Partnership LP bought a new stake in shares of Guidewire Software in the 2nd quarter valued at about $853,165,000. Route One Investment Company L.P. acquired a new stake in Guidewire Software in the 2nd quarter valued at about $227,564,000. Geode Capital Management LLC lifted its stake in Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares during the last quarter. Finally, Stockbridge Partners LLC grew its holdings in Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after purchasing an additional 405,850 shares during the period.

Guidewire Software Company Profile

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.