Guidewire Software (NYSE:GWRE) Price Target Raised to $215.00

Guidewire Software (NYSE:GWRE) had its price objective increased by Wells Fargo & Company from $205.00 to $215.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities analysts have also commented on GWRE. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Royal Bank of Canada boosted their target price on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Oppenheimer boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday. DA Davidson restated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Finally, Robert W. Baird boosted 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. 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 currently has an average rating of “Moderate Buy” and an average target price of $183.69.

Guidewire Software Stock Performance

Guidewire Software stock opened at $202.77 on Tuesday. The firm has a market cap of $16.94 billion, a P/E ratio of -2,534.93, a P/E/G ratio of 50.80 and a beta of 1.18. The business’s fifty day moving average is $185.74 and its two-hundred day moving average is $154.29. Guidewire Software has a 52 week low of $95.02 and a 52 week high of $202.99.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that Guidewire Software will post 0.53 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares of the company’s stock, 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. Over the last quarter, insiders sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently modified their holdings of GWRE. Rothschild Investment LLC bought a new stake in shares of Guidewire Software in the second quarter worth about $31,000. Assetmark Inc. increased its holdings in shares of Guidewire Software by 537.0% in the third 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 acquired a new position in shares of Guidewire Software during the third quarter worth about $33,000. Lynx Investment Advisory acquired a new position in shares of Guidewire Software during the second quarter worth about $41,000. Finally, DT Investment Partners LLC acquired a new position in shares of Guidewire Software during the second quarter worth about $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.