Guidewire Software (NYSE:GWRE) Price Target Raised to $231.00

Guidewire Software (NYSE:GWRE) had its price target raised by JMP Securities from $200.00 to $231.00 in a research report report published on Monday,Benzinga reports. The firm currently has a market outperform rating on the technology company’s stock.

Several other research analysts have also issued reports on GWRE. Robert W. Baird increased their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Citigroup raised their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Wells Fargo & Company raised their price objective on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer increased their target price on Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.08.

Guidewire Software Price Performance

Shares of GWRE stock opened at $201.88 on Monday. The stock has a market capitalization of $16.86 billion, a PE ratio of -2,541.93, a P/E/G ratio of 52.54 and a beta of 1.18. Guidewire Software has a 1-year low of $95.02 and a 1-year high of $207.10. The business has a 50-day moving average of $187.59 and a 200 day moving average of $156.66.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the business posted $0.30 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Guidewire Software will post 0.53 EPS for the current year.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now owns 189,261 shares in the company, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $9,116,179 in the last ninety days. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter valued at $31,000. Assetmark Inc. raised its holdings in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new stake in Guidewire Software during the third quarter valued at about $33,000. Lynx Investment Advisory bought a new stake in Guidewire Software during the second quarter valued at about $41,000. Finally, DT Investment Partners LLC bought a new stake in Guidewire Software during the second quarter valued at about $41,000.

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.