Guidewire Software, Inc. (GWRE) – What Are Analysts Saying About This Stock?

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $216.23.

Several equities research analysts recently commented on GWRE shares. BTIG Research upped their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Robert W. Baird increased their price objective on Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Citigroup increased their price target on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price target on shares of Guidewire Software in a report on Friday, September 4th.

Guidewire Software Stock Down 1.9%

NYSE GWRE opened at $167.43 on Friday. The company has a market capitalization of $13.83 billion, a P/E ratio of 102.72 and a beta of 1.01. Guidewire Software has a 12 month low of $102.30 and a 12 month high of $229.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The company’s 50 day simple moving average is $165.02 and its 200 day simple moving average is $149.27.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The company had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. During the same quarter in the prior 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 expect that Guidewire Software will post 2.45 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, CAO David Peterson sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $200.00, for a total transaction of $500,000.00. Following the transaction, the chief accounting officer owned 9,787 shares of the company’s stock, valued at approximately $1,957,400. This trade represents a 20.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Cooper sold 23,234 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $144.47, for a total transaction of $3,356,615.98. Following the completion of the sale, the chief financial officer directly owned 95,361 shares of the company’s stock, valued at $13,776,803.67. This represents a 19.59% decrease in their ownership of the stock. 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 have sold a total of 209,135 shares of company stock valued at $31,776,209 in the last ninety days. 0.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY bought a new stake in Guidewire Software in the 2nd quarter valued at $1,106,768,000. Linonia Partnership LP bought a new stake in shares of Guidewire Software in the second quarter valued at about $853,165,000. Route One Investment Company L.P. bought a new stake in shares of Guidewire Software in the second quarter valued at about $227,564,000. Van ECK Associates Corp bought a new position in Guidewire Software during the second quarter valued at about $149,611,000. Finally, Principal Financial Group Inc. lifted its position in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after acquiring an additional 997,992 shares during the period.

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.