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

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $193.00.

Several analysts have issued reports on GWRE shares. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Citigroup raised their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th.

Guidewire Software Stock Down 0.2 %

Shares of GWRE stock opened at $168.58 on Thursday. Guidewire Software has a 52-week low of $102.66 and a 52-week high of $209.15. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 468.28, a PEG ratio of 45.60 and a beta of 1.18. The firm’s 50-day moving average is $186.91 and its 200-day moving average is $166.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 1,509 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares of the company’s stock, valued at $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $483,757.68. Following the sale, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,347 shares of company stock worth $4,057,594. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA boosted its holdings in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares in the last quarter. Linonia Partnership LP lifted its position in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares during the last quarter. Geode Capital Management LLC boosted its stake in Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in 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 buying an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after acquiring an additional 53,967 shares during the last quarter.

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.