Guidewire Software, Inc. (NYSE:GWRE) Receives $207.42 Consensus PT from Analysts

Guidewire Software, Inc. (NYSE:GWRE) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $207.42.

A number of brokerages recently commented on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, DA Davidson lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating and set a $226.00 price objective on the stock. in a report on Thursday, May 22nd.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the transaction, the president now directly owns 172,446 shares in the company, valued at $35,028,955.98. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Winston King sold 1,051 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,371 shares of company stock worth $6,222,685 in the last ninety days. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atomi Financial Group Inc. grew its stake in Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares during the last quarter. GDS Wealth Management grew its stake in Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after buying an additional 16,142 shares during the last quarter. Banco Santander S.A. acquired a new position in Guidewire Software in the 4th quarter valued at about $427,000. MGO One Seven LLC acquired a new position in Guidewire Software in the 4th quarter valued at about $222,000. Finally, Amica Mutual Insurance Co. grew its stake in Guidewire Software by 118.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company’s stock valued at $1,191,000 after buying an additional 3,835 shares during the last quarter.

Guidewire Software Trading Down 0.3%

Shares of NYSE GWRE opened at $209.31 on Friday. The company’s fifty day moving average is $198.56 and its 200-day moving average is $193.65. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 581.42, a P/E/G ratio of 37.21 and a beta of 1.18. Guidewire Software has a twelve month low of $107.65 and a twelve month high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Equities research analysts predict that Guidewire Software will post 0.52 EPS for the current year.

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.