Guidewire Software, Inc. (NYSE:GWRE) Stock Has Average Target Price of $216.23

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $216.23.

A number of equities analysts have recently issued reports on the company. Guggenheim increased their target price on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. BTIG Research upped their price target on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Citigroup upped their price target on Guidewire Software from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. DA Davidson reiterated a “buy” rating and set a $222.00 price objective on shares of Guidewire Software in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a report on Friday, September 4th.

Guidewire Software Stock Performance

NYSE:GWRE opened at $161.05 on Friday. The firm’s 50-day moving average is $165.85 and its 200-day moving average is $149.21. Guidewire Software has a 52-week low of $102.30 and a 52-week high of $229.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 98.80 and a beta of 1.01.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million during the quarter, compared to analysts’ expectations of $402.61 million. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software will post 2.45 earnings per share for the current year.

Insider Activity

In other news, CFO Jeffrey Cooper sold 23,234 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $144.47, for a total value of $3,356,615.98. Following the completion of the transaction, the chief financial officer owned 95,361 shares in the company, valued at approximately $13,776,803.67. The trade was a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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, CEO Michael Rosenbaum sold 72,290 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $144.47, for a total transaction of $10,443,736.30. Following the completion of the transaction, the chief executive officer owned 280,866 shares of the company’s stock, valued at $40,576,711.02. This trade represents a 20.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 209,135 shares of company stock worth $31,776,209 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Guidewire Software during the third quarter worth approximately $28,000. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software during the second quarter worth $29,000. Silvant Capital Management LLC acquired a new position in shares of Guidewire Software during the second quarter valued at $33,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software during the first quarter valued at $36,000. Finally, Bogart Wealth LLC boosted its holdings in Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the last quarter.

Guidewire Software Company Profile

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.