Brokerages Set Guidewire Software, Inc. (NYSE:GWRE) Price Target at $204.50

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $204.50.

GWRE has been the topic of several research reports. Robert W. Baird boosted their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. The Goldman Sachs Group boosted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Stifel Nicolaus boosted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Oppenheimer upped their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th.

Guidewire Software Trading Down 2.0 %

Shares of NYSE:GWRE traded down $4.36 during midday trading on Friday, hitting $212.28. 880,078 shares of the stock were exchanged, compared to its average volume of 1,661,625. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 589.67, a P/E/G ratio of 56.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business's 50-day moving average price is $187.28 and its 200 day moving average price is $179.76. Guidewire Software has a 12 month low of $107.00 and a 12 month high of $219.59.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $208.79, for a total value of $626,370.00. Following the completion of the transaction, the president now owns 174,746 shares in the company, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares of the company's stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,506 shares of company stock worth $6,789,679 in the last quarter. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Sanctuary Advisors LLC bought a new position in shares of Guidewire Software during the 2nd quarter worth $429,000. Creative Planning grew its stake in shares of Guidewire Software by 16.0% during the 3rd quarter. Creative Planning now owns 15,331 shares of the technology company's stock worth $2,805,000 after acquiring an additional 2,120 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Guidewire Software by 12.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 2,989 shares of the technology company's stock worth $547,000 after acquiring an additional 330 shares during the period. Claro Advisors LLC bought a new position in shares of Guidewire Software during the 3rd quarter worth $5,245,000. Finally, Trust Point Inc. grew its stake in shares of Guidewire Software by 2.1% during the 3rd quarter. Trust Point Inc. now owns 7,277 shares of the technology company's stock worth $1,331,000 after acquiring an additional 152 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.