Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $221.64

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $221.6429.

GWRE has been the subject of several recent analyst reports. Piper Sandler assumed coverage on Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 target price for the company. Citizens Jmp cut their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $175.00 price target on shares of Guidewire Software in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Finally, Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00. Following the transaction, the chief executive officer directly owned 188,976 shares in the company, valued at $32,670,170.88. This represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the transaction, the president directly owned 116,715 shares of the company’s stock, valued at approximately $21,592,275. This represents a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,593 shares of company stock worth $6,572,106 over the last three months. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently modified their holdings of the stock. Comerica Bank increased its holdings in shares of Guidewire Software by 52.0% during the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock valued at $15,811,000 after purchasing an additional 26,912 shares during the period. Principal Financial Group Inc. lifted its holdings in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after purchasing an additional 997,992 shares during the period. Stephens Investment Management Group LLC grew its position in Guidewire Software by 3.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock valued at $78,492,000 after buying an additional 15,260 shares in the last quarter. Geode Capital Management LLC grew its position in Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after buying an additional 145,924 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Guidewire Software by 6.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company’s stock valued at $25,819,000 after buying an additional 7,459 shares during the period.

Guidewire Software Trading Up 0.5%

GWRE opened at $182.11 on Tuesday. The firm’s 50 day moving average is $143.28 and its 200-day moving average is $141.54. Guidewire Software has a 52-week low of $102.30 and a 52-week high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $15.16 billion, a P/E ratio of 98.44 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Analysts expect that Guidewire Software will post 1.83 EPS for the current fiscal year.

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.