Guidewire Software, Inc. (NYSE:GWRE) Stock Has Consensus Price Target of $216.23 According to Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have earned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $216.23.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Oppenheimer increased their target price on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st.

Guidewire Software Stock Performance

Shares of GWRE opened at $167.15 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $13.92 billion, a P/E ratio of 102.55 and a beta of 1.02. The firm’s fifty day simple moving average is $166.35 and its two-hundred day simple moving average is $147.03. Guidewire Software has a 12 month low of $102.30 and a 12 month high of $255.89.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. As a group, analysts predict that Guidewire Software will post 2.45 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jeffrey Cooper sold 9,941 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $142.61, for a total transaction of $1,417,686.01. Following the transaction, the chief financial officer directly owned 85,420 shares of the company’s stock, valued at approximately $12,181,746.20. This represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, insider James King sold 1,381 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $144.98, for a total value of $200,217.38. Following the completion of the transaction, the insider owned 44,558 shares in the company, valued at approximately $6,460,018.84. The trade was a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 191,548 shares of company stock worth $28,599,827 over the last 90 days. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the company. Wedmont Private Capital increased its stake in Guidewire Software by 83.2% during the 3rd quarter. Wedmont Private Capital now owns 3,248 shares of the technology company’s stock valued at $463,000 after purchasing an additional 1,475 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Guidewire Software by 49.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,129 shares of the technology company’s stock worth $589,000 after acquiring an additional 1,357 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Guidewire Software by 70.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,210 shares of the technology company’s stock valued at $600,000 after acquiring an additional 1,739 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Guidewire Software by 63.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 747 shares of the technology company’s stock valued at $107,000 after acquiring an additional 289 shares in the last quarter. Finally, CX Institutional boosted its stake in Guidewire Software by 8.6% during the 3rd quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after purchasing an additional 68 shares during the last quarter.

About Guidewire Software

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.