Guidewire Software, Inc. (NYSE:GWRE) Receives $193.00 Consensus Price Target from Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $193.00.

A number of research analysts have recently commented on GWRE shares. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson restated a "buy" rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. BTIG Research raised their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th.

Guidewire Software Stock Down 0.1 %

Shares of GWRE traded down $0.23 during mid-day trading on Thursday, reaching $174.39. The company's stock had a trading volume of 382,138 shares, compared to its average volume of 748,766. Guidewire Software has a 12-month low of $102.66 and a 12-month high of $209.15. The stock has a market cap of $14.56 billion, a PE ratio of 484.42, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The company's 50 day moving average is $188.41 and its 200 day moving average is $165.72.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 794 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $174.43, for a total value of $138,497.42. Following the sale, the insider now directly owns 45,934 shares in the company, valued at $8,012,267.62. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the sale, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,347 shares of company stock worth $4,057,594. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

Institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software during the third quarter worth $33,000. Rothschild Investment LLC purchased a new stake in Guidewire Software during the second quarter worth $31,000. Brooklyn Investment Group purchased a new stake in Guidewire Software during the third quarter worth $42,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock worth $63,000 after purchasing an additional 60 shares in the last quarter.

Guidewire Software Company Profile

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.