Guidewire Software, Inc. (NYSE:GWRE) Receives $178.62 Consensus Target Price from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $178.62.

Several research firms have commented on GWRE. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. BTIG Research increased their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a report on Friday, August 30th. Robert W. Baird increased their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Oppenheimer reaffirmed an "outperform" rating and issued a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, October 11th.

Guidewire Software Stock Performance

Shares of GWRE traded up $5.65 during midday trading on Wednesday, hitting $191.86. 624,966 shares of the company traded hands, compared to its average volume of 694,614. The firm has a 50 day moving average of $177.03 and a 200-day moving average of $148.18. Guidewire Software has a 52 week low of $89.36 and a 52 week high of $192.36. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of -2,397.95, a PEG ratio of 48.13 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business's revenue was up 8.0% on a year-over-year basis. Sell-side analysts predict that Guidewire Software will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company's stock, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company's stock, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $9,050,448 over the last 90 days. Insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after acquiring an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company's stock valued at $283,000 after purchasing an additional 79 shares during the period. CIBC Asset Management Inc lifted its position in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock valued at $448,000 after purchasing an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company's stock valued at $1,252,000 after purchasing an additional 116 shares during the period. Finally, CHICAGO TRUST Co NA lifted its position in Guidewire Software by 4.8% during the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company's stock valued at $392,000 after purchasing an additional 130 shares during the period.

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.