Guidewire Software Inc (NYSE:GWRE) Receives $108.78 Consensus Target Price from Analysts

Shares of Guidewire Software Inc (NYSE:GWRE) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $108.78.

Several brokerages recently issued reports on GWRE. ValuEngine cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Piper Jaffray Companies upped their price objective on shares of Guidewire Software from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Finally, Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th.

GWRE opened at $97.83 on Tuesday. Guidewire Software has a twelve month low of $73.82 and a twelve month high of $109.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.38 and a quick ratio of 7.45. The stock has a market cap of $7.99 billion, a P/E ratio of 1,087.00, a P/E/G ratio of 21.69 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.10. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. The company had revenue of $162.90 million during the quarter, compared to analysts’ expectations of $155.23 million. During the same quarter in the prior year, the company earned $0.05 EPS. Guidewire Software’s revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts expect that Guidewire Software will post 0.48 earnings per share for the current fiscal year.

In other news, COO Priscilla Hung sold 3,536 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $94.70, for a total value of $334,859.20. Following the completion of the sale, the chief operating officer now owns 7,418 shares of the company’s stock, valued at approximately $702,484.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Curtis Smith sold 2,105 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $94.96, for a total transaction of $199,890.80. Following the completion of the sale, the chief financial officer now directly owns 4,179 shares of the company’s stock, valued at approximately $396,837.84. The disclosure for this sale can be found here. In the last three months, insiders sold 76,317 shares of company stock valued at $7,539,740. Corporate insiders own 0.69% of the company’s stock.

Several institutional investors have recently bought and sold shares of GWRE. LPL Financial LLC boosted its position in shares of Guidewire Software by 2.8% during the 4th quarter. LPL Financial LLC now owns 4,236 shares of the technology company’s stock worth $340,000 after purchasing an additional 114 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Guidewire Software by 6.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,785 shares of the technology company’s stock worth $270,000 after purchasing an additional 163 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Guidewire Software by 62.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock worth $47,000 after purchasing an additional 224 shares during the period. Commerce Bank boosted its position in shares of Guidewire Software by 1.7% during the 1st quarter. Commerce Bank now owns 13,354 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 229 shares during the period. Finally, Equitable Trust Co. boosted its position in shares of Guidewire Software by 7.1% during the 4th quarter. Equitable Trust Co. now owns 3,535 shares of the technology company’s stock worth $284,000 after purchasing an additional 235 shares during the period.

Guidewire Software Company Profile

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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