Analysts Set Guidewire Software, Inc. (NYSE:GWRE) Target Price at $137.31

Guidewire Software, Inc. (NYSE:GWRE) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $137.31.

GWRE has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group lifted their price target on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada lifted their price target on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Oppenheimer lifted their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Finally, Wells Fargo & Company lifted their price target on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $143.95 on Monday. Guidewire Software has a fifty-two week low of $78.05 and a fifty-two week high of $153.85. The firm has a market capitalization of $11.90 billion, a PE ratio of -1,107.22 and a beta of 1.19. The stock’s 50-day simple moving average is $135.76 and its 200-day simple moving average is $122.48.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.14. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The business had revenue of $240.68 million for the quarter, compared to analyst estimates of $231.46 million. On average, sell-side analysts forecast that Guidewire Software will post -0.31 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the sale, the chief executive officer now directly owns 239,793 shares in the company, valued at $32,261,750.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.18. Following the completion of the transaction, the chief financial officer now directly owns 63,479 shares in the company, valued at $8,540,464.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The disclosure for this sale can be found here. Insiders have sold a total of 13,064 shares of company stock worth $1,747,850 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently added to or reduced their stakes in GWRE. Mutual Advisors LLC acquired a new stake in Guidewire Software during the fourth quarter worth about $210,000. Regatta Capital Group LLC increased its stake in Guidewire Software by 5.8% during the fourth quarter. Regatta Capital Group LLC now owns 4,035 shares of the technology company’s stock worth $440,000 after acquiring an additional 222 shares during the last quarter. Trust Point Inc. acquired a new stake in Guidewire Software during the fourth quarter worth about $495,000. International Assets Investment Management LLC acquired a new stake in Guidewire Software during the fourth quarter worth about $17,240,000. Finally, Bleakley Financial Group LLC acquired a new stake in Guidewire Software during the fourth quarter worth about $243,000.

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.