Analysts Set Guidewire Software, Inc. (NYSE:GWRE) PT at $249.85

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $249.8462.

A number of equities research analysts have recently commented on GWRE shares. DA Davidson reiterated a “buy” rating and set a $246.00 price target on shares of Guidewire Software in a report on Tuesday, March 10th. Oppenheimer lowered their price target on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Zacks Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. BTIG Research boosted their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Stifel Nicolaus lowered their target price on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, March 6th.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $131.43 on Friday. The company has a market cap of $11.13 billion, a PE ratio of 59.74 and a beta of 0.91. Guidewire Software has a 12 month low of $115.57 and a 12 month high of $272.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. The company has a 50-day simple moving average of $145.67 and a 200-day simple moving average of $171.65.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. The business had revenue of $359.10 million during the quarter, compared to the consensus estimate of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that Guidewire Software will post 1.84 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $136.38, for a total value of $163,656.00. Following the completion of the sale, the chief executive officer directly owned 211,606 shares in the company, valued at approximately $28,858,826.28. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Also, CFO Jeffrey Elliott Cooper sold 1,935 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total transaction of $317,069.10. Following the completion of the sale, the chief financial officer owned 66,061 shares of the company’s stock, valued at approximately $10,824,755.46. The trade was a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,479 shares of company stock valued at $5,007,134 in the last ninety days. 0.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software during the third quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in Guidewire Software during the third quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in Guidewire Software during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its position in Guidewire Software by 620.0% during the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in Guidewire Software during the third quarter valued at approximately $35,000.

About Guidewire Software

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.