Guidewire Software, Inc. (NYSE:GWRE) Receives $247.00 Average Target Price from Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $248.31.

GWRE has been the subject of a number of recent analyst reports. Oppenheimer lifted their price objective on Guidewire Software from $230.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Bank of America lifted their price target on Guidewire Software from $135.00 to $160.00 and gave the company an “underperform” rating in a report on Wednesday, June 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $290.00 price objective on shares of Guidewire Software in a report on Monday. Citigroup raised their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group upped their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th.

Guidewire Software Stock Down 0.7%

GWRE opened at $235.83 on Thursday. The firm has a market cap of $19.86 billion, a P/E ratio of 589.58, a PEG ratio of 23.32 and a beta of 1.15. The business’s fifty day simple moving average is $220.49 and its 200 day simple moving average is $199.66. Guidewire Software has a 52 week low of $132.01 and a 52 week high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. As a group, equities research analysts anticipate that Guidewire Software will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $184.41, for a total transaction of $258,174.00. Following the completion of the sale, the chief executive officer now directly owns 259,993 shares of the company’s stock, valued at approximately $47,945,309.13. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the sale, the president now directly owns 164,030 shares in the company, valued at $30,829,438.50. This trade represents a 1.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,160 shares of company stock worth $3,779,767. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Guidewire Software by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company’s stock valued at $1,632,206,000 after acquiring an additional 256,070 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 16.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company’s stock valued at $966,252,000 after purchasing an additional 720,322 shares in the last quarter. Linonia Partnership LP lifted its position in shares of Guidewire Software by 41.8% during the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after purchasing an additional 1,000,709 shares during the last quarter. Stockbridge Partners LLC grew its stake in Guidewire Software by 8.3% in the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock worth $451,602,000 after purchasing an additional 205,382 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Guidewire Software by 1.5% in the first quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after purchasing an additional 24,991 shares in 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.