Guidewire Software, Inc. (NYSE:GWRE) Receives $115.11 Average Price Target from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWREGet Free Report) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $115.11.

GWRE has been the topic of several recent analyst reports. Robert W. Baird upped their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Wells Fargo & Company upgraded shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Oppenheimer increased their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Raymond James began coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th.

Check Out Our Latest Report on GWRE

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Guidewire Software news, insider James Winston King sold 1,075 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.77, for a total transaction of $119,077.75. Following the transaction, the insider now owns 45,410 shares of the company’s stock, valued at $5,030,065.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,618 shares of company stock valued at $1,073,918. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of GWRE. Banque Cantonale Vaudoise purchased a new position in Guidewire Software during the third quarter worth approximately $25,000. RiverPark Advisors LLC purchased a new position in Guidewire Software during the fourth quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Guidewire Software in the fourth quarter worth $27,000. CENTRAL TRUST Co acquired a new stake in shares of Guidewire Software in the third quarter worth $29,000. Finally, Pinebridge Investments L.P. increased its position in shares of Guidewire Software by 490.9% in the second quarter. Pinebridge Investments L.P. now owns 390 shares of the technology company’s stock worth $30,000 after acquiring an additional 324 shares in the last quarter.

Guidewire Software Trading Down 0.5 %

Shares of GWRE opened at $116.07 on Tuesday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $115.82 and its two-hundred day moving average is $103.88. Guidewire Software has a twelve month low of $68.45 and a twelve month high of $122.35. The firm has a market capitalization of $9.55 billion, a P/E ratio of -187.21 and a beta of 1.15.

Guidewire Software (NYSE:GWREGet Free Report) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. On average, research analysts predict that Guidewire Software will post -0.5 earnings per share for the current fiscal year.

About Guidewire Software

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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.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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