Guidewire Software Inc (GWRE) Receives $66.75 Consensus Price Target from Analysts

Guidewire Software Inc (GWRE) Receives $66.75 Consensus Price Target from Analysts

Guidewire Software Inc (NYSE:GWRE) has earned an average rating of “Hold” from the ten research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $66.75.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, December 23rd. TheStreet cut Guidewire Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Deutsche Bank AG reiterated a “buy” rating on shares of Guidewire Software in a report on Wednesday, November 30th. Piper Jaffray Companies cut Guidewire Software from an “overweight” rating to a “neutral” rating in a report on Friday, December 2nd. Finally, JMP Securities reiterated a “hold” rating on shares of Guidewire Software in a report on Monday, November 28th.

In related news, insider Scott Roza sold 781 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $56.16, for a total transaction of $43,860.96. Following the completion of the transaction, the insider now directly owns 982 shares in the company, valued at $55,149.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel James Winston King sold 2,240 shares of the stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $51.05, for a total value of $114,352.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,455 shares of company stock worth $3,163,929.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its position in Guidewire Software by 36.9% in the second quarter. BlackRock Advisors LLC now owns 49,040 shares of the company’s stock worth $3,029,000 after buying an additional 13,221 shares in the last quarter. Principal Financial Group Inc. increased its position in Guidewire Software by 84.4% in the second quarter. Principal Financial Group Inc. now owns 17,299 shares of the company’s stock worth $1,068,000 after buying an additional 7,916 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Guidewire Software by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 193,121 shares of the company’s stock worth $11,926,000 after buying an additional 5,109 shares in the last quarter. Teacher Retirement System of Texas increased its position in Guidewire Software by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,932 shares of the company’s stock worth $613,000 after buying an additional 1,208 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Guidewire Software by 16.5% in the second quarter. UBS Asset Management Americas Inc. now owns 52,594 shares of the company’s stock worth $3,249,000 after buying an additional 7,444 shares in the last quarter.

Shares of Guidewire Software (NYSE:GWRE) opened at 52.89 on Friday. The firm has a market cap of $3.89 billion and a P/E ratio of 485.23. The firm’s 50-day moving average price is $52.02 and its 200 day moving average price is $57.84. Guidewire Software has a 12-month low of $42.32 and a 12-month high of $64.00.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Tuesday, November 29th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The business had revenue of $94.10 million for the quarter. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, equities analysts expect that Guidewire Software will post $0.72 earnings per share for the current fiscal year.

Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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