Guidewire Software (NYSE:GWRE) Price Target Raised to $230.00

Guidewire Software (NYSE:GWRE) had its price objective hoisted by Oppenheimer from $220.00 to $230.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Stifel Nicolaus increased their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a report on Tuesday, November 19th. Finally, BTIG Research raised their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Guidewire Software Trading Down 14.0 %

NYSE:GWRE opened at $177.57 on Friday. The company has a 50-day moving average price of $191.58 and a 200-day moving average price of $161.08. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 493.25, a P/E/G ratio of 53.58 and a beta of 1.18. Guidewire Software has a 12 month low of $95.02 and a 12 month high of $209.15.

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

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the third quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in Guidewire Software in the third quarter worth approximately $42,000. Finally, DT Investment Partners LLC purchased a new stake in Guidewire Software during the second quarter worth $41,000.

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.