Guidewire Software (NYSE:GWRE) Stock Price Expected to Rise, JMP Securities Analyst Says

Guidewire Software (NYSE:GWRE) had its target price increased by stock analysts at JMP Securities from $200.00 to $231.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price objective points to a potential upside of 12.98% from the company’s current price.

Several other research firms have also issued reports on GWRE. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Citigroup boosted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research 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 stock has an average rating of “Moderate Buy” and an average target price of $186.08.

Guidewire Software Stock Performance

Shares of GWRE opened at $204.46 on Monday. The business’s 50-day moving average is $186.96 and its two-hundred day moving average is $156.04. The company has a market capitalization of $17.08 billion, a P/E ratio of -2,549.88, a P/E/G ratio of 52.47 and a beta of 1.18. Guidewire Software has a fifty-two week low of $95.02 and a fifty-two week high of $207.10.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS 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 firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the company earned $0.30 earnings per share. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts forecast that Guidewire Software will post 0.53 EPS for the current year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 6,718 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 transaction of $1,156,570.88. Following the transaction, the insider now owns 160,099 shares of the company’s stock, valued at approximately $27,562,643.84. This represents a 4.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,601 shares of company stock worth $9,116,179. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GWRE. Cetera Investment Advisers increased its stake in shares of Guidewire Software by 648.0% during the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after buying an additional 15,695 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Guidewire Software by 8.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after purchasing an additional 165 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares in the last quarter. Xponance Inc. grew its stake in shares of Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after purchasing an additional 3,066 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in Guidewire Software by 219.5% in the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after buying an additional 4,161 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.