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

Guidewire Software (NYSE:GWRE) had its price objective upped by JPMorgan Chase & Co. from $228.00 to $231.00 in a research note released on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

GWRE has been the subject of several other reports. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Price Performance

NYSE:GWRE opened at $173.72 on Friday. The company has a market cap of $14.51 billion, a P/E ratio of 482.56, a P/E/G ratio of 37.21 and a beta of 1.31. The firm’s fifty day moving average price is $194.68 and its two-hundred day moving average price is $185.09. Guidewire Software has a one year low of $107.00 and a one year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,656 shares of company stock worth $7,856,836. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after buying an additional 56 shares during the last quarter. Hanseatic Management Services Inc. grew its position in Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after acquiring an additional 58 shares during the last quarter. Norden Group LLC grew its position in Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after acquiring an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after purchasing an additional 75 shares in the last quarter. Finally, True Wealth Design LLC raised its position in Guidewire Software by 14.4% in the fourth quarter. True Wealth Design LLC now owns 677 shares of the technology company’s stock valued at $114,000 after purchasing an additional 85 shares during the last quarter.

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.