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

Guidewire Software, Inc. (NYSE:GWRE) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $196.08.

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the transaction, the chief executive officer now directly owns 278,930 shares in the company, valued at $50,182,296.30. This trade represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,306 shares of company stock valued at $5,288,309. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently modified their holdings of GWRE. Atomi Financial Group Inc. raised its position in shares of Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the period. Donoghue Forlines LLC bought a new stake in Guidewire Software during the fourth quarter valued at about $2,110,000. Icon Wealth Advisors LLC lifted its position in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after acquiring an additional 16,692 shares during the period.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $205.34 on Monday. 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 company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 570.40, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23. Guidewire Software has a one year low of $107.00 and a one year high of $212.00. The company’s 50-day moving average is $182.60 and its 200 day moving average is $171.99.

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.