Guidewire Software, Inc. (NYSE:GWRE) Receives $129.23 Average PT from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $129.23.

Several research firms have weighed in on GWRE. Bank of America raised their price objective on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Guidewire Software in a report on Wednesday, June 5th. Oppenheimer upped their price objective on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Citigroup boosted their target price on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Finally, Wells Fargo & Company raised their price target on Guidewire Software from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,785 shares of company stock worth $1,220,087. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Guidewire Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after acquiring an additional 67,439 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Guidewire Software by 0.6% in the third quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock worth $561,499,000 after purchasing an additional 36,895 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the last quarter. Invesco Ltd. grew its position in Guidewire Software by 141.4% in the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after purchasing an additional 1,079,268 shares in the last quarter. Finally, Linonia Partnership LP acquired a new stake in Guidewire Software in the 4th quarter valued at $189,965,000.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $133.13 on Friday. The business has a fifty day moving average of $117.93 and a 200-day moving average of $113.78. Guidewire Software has a twelve month low of $68.45 and a twelve month high of $138.15. The firm has a market cap of $11.00 billion, a PE ratio of -1,024.08 and a beta of 1.14.

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.