Brokerages Set Guidewire Software, Inc. (NYSE:GWRE) PT at $115.11

Guidewire Software, Inc. (NYSE:GWRE) has been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $115.11.

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

Guidewire Software Stock Up 2.0 %

Shares of GWRE opened at $109.77 on Friday. Guidewire Software has a 52 week low of $68.45 and a 52 week high of $122.35. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of -177.05 and a beta of 1.15. The stock’s 50-day moving average price is $115.21 and its 200-day moving average price is $106.26.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. On average, sell-side analysts predict that Guidewire Software will post -0.42 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John P. Mullen sold 3,665 shares of the 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 owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Insiders sold 9,435 shares of company stock valued at $1,053,821 over the last quarter. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Guidewire Software by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,067,513 shares of the technology company’s stock worth $879,682,000 after acquiring an additional 22,049 shares during the last quarter. Bamco Inc. NY increased its stake in Guidewire Software by 0.6% during the third quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock worth $561,499,000 after acquiring an additional 36,895 shares during the last quarter. Wasatch Advisors LP increased its stake in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the last quarter. Van ECK Associates Corp increased its stake in Guidewire Software by 16.2% during the third quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after acquiring an additional 294,631 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Guidewire Software by 141.4% during the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after acquiring an additional 1,079,268 shares during the last quarter.

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.