Guidewire Software, Inc. (NYSE:GWRE) Receives $206.08 Average Price Target from Analysts

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $206.08.

Several brokerages have commented on GWRE. The Goldman Sachs Group upped their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th.

Guidewire Software Trading Up 1.8 %

Shares of Guidewire Software stock traded up $3.31 on Friday, reaching $190.90. The company had a trading volume of 602,991 shares, compared to its average volume of 903,153. The firm's 50-day moving average price is $194.96 and its two-hundred day moving average price is $189.45. Guidewire Software has a 1 year low of $107.00 and a 1 year high of $219.59. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of 530.29, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. As a group, research analysts predict that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 300 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the transaction, the chief financial officer now owns 73,494 shares of the company's stock, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the sale, the chief executive officer now directly owns 258,593 shares in the company, valued at approximately $43,397,077.26. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,280 shares of company stock worth $8,085,170 in the last ninety days. 0.48% of the stock is owned by insiders.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after buying an additional 56 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock worth $91,000 after acquiring an additional 58 shares during the last quarter. Norden Group LLC raised its stake in Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after purchasing an additional 61 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its position in Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after purchasing an additional 75 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.