Analysts Set Guidewire Software Inc (NYSE:GWRE) Price Target at $112.00

Guidewire Software Inc (NYSE:GWRE) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $112.00.

GWRE has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $116.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Stifel Nicolaus upped their target price on shares of Guidewire Software from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 27th. ValuEngine lowered shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, October 11th. DA Davidson upped their target price on shares of Guidewire Software to $125.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th.

Shares of NYSE GWRE traded up $0.95 during midday trading on Monday, hitting $110.20. The company’s stock had a trading volume of 693,200 shares, compared to its average volume of 736,840. The stock has a fifty day moving average price of $105.88 and a 200 day moving average price of $102.11. Guidewire Software has a one year low of $73.82 and a one year high of $113.34. The company has a current ratio of 5.75, a quick ratio of 5.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 174.92, a P/E/G ratio of 47.25 and a beta of 1.17.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.29. Guidewire Software had a net margin of 2.87% and a return on equity of 3.37%. The company had revenue of $207.86 million for the quarter, compared to analyst estimates of $204.61 million. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. On average, equities research analysts predict that Guidewire Software will post 0.18 earnings per share for the current fiscal year.

In other news, CFO Curtis Smith sold 1,310 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $106.78, for a total value of $139,881.80. Following the completion of the sale, the chief financial officer now owns 7,503 shares of the company’s stock, valued at approximately $801,170.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven P. Sherry sold 4,612 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $106.78, for a total transaction of $492,469.36. Following the completion of the sale, the insider now directly owns 5,605 shares of the company’s stock, valued at approximately $598,501.90. The disclosure for this sale can be found here. Insiders sold a total of 87,709 shares of company stock valued at $9,380,252 in the last ninety days. 0.69% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in GWRE. Diversified Trust Co boosted its position in Guidewire Software by 4.4% during the 2nd quarter. Diversified Trust Co now owns 2,355 shares of the technology company’s stock valued at $239,000 after buying an additional 100 shares during the period. Aperio Group LLC boosted its position in Guidewire Software by 1.0% during the 2nd quarter. Aperio Group LLC now owns 12,093 shares of the technology company’s stock valued at $1,226,000 after buying an additional 115 shares during the period. Zions Bancorporation N.A. boosted its position in Guidewire Software by 6.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,272 shares of the technology company’s stock valued at $230,000 after buying an additional 128 shares during the period. Janney Montgomery Scott LLC boosted its position in Guidewire Software by 2.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,317 shares of the technology company’s stock valued at $742,000 after buying an additional 199 shares during the period. Finally, Parallel Advisors LLC boosted its position in Guidewire Software by 13.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,028 shares of the technology company’s stock valued at $206,000 after buying an additional 236 shares during the period.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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