Guidewire Software (NYSE:GWRE) Price Target Raised to $236.00

Guidewire Software (NYSE:GWRE) had its price target raised by Robert W. Baird from $230.00 to $236.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on GWRE. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $173.72 on Friday. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 482.56, a PEG ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a 50 day simple moving average of $194.63 and a 200 day simple moving average of $184.40. Guidewire Software has a one year low of $107.00 and a one year high of $219.59.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Research analysts predict that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $483,757.68. Following the sale, the chief financial officer now owns 74,911 shares of the company’s stock, valued at $12,814,275.66. The trade was a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the sale, the chief executive officer now directly owns 270,530 shares in the company, valued at approximately $54,952,758.90. This trade represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,656 shares of company stock worth $7,856,836. 0.48% of the stock is owned by insiders.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after buying an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Stockbridge Partners LLC boosted its position in Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock valued at $451,602,000 after buying an additional 205,382 shares during the period. Artisan Partners Limited Partnership boosted its position in Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after buying an additional 291,774 shares during the period. Finally, Geode Capital Management LLC boosted its position in Guidewire Software by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock valued at $226,701,000 after buying an additional 12,697 shares during the period.

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.