Guidewire Software (NYSE:GWRE) Price Target Raised to $236.00

Guidewire Software (NYSE:GWRE) had its price objective upped by Robert W. Baird from $230.00 to $236.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other research firms have also commented on GWRE. The Goldman Sachs Group upped their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus upped their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Down 7.1 %

Shares of NYSE GWRE opened at $173.72 on Friday. The stock’s 50 day moving average price is $194.68 and its two-hundred day moving average price is $185.09. Guidewire Software has a 52-week low of $107.00 and a 52-week high of $219.59. The stock has a market capitalization of $14.51 billion, a P/E ratio of 482.56, a PEG ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the sale, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. This represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,656 shares of company stock valued at $7,856,836. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the 4th quarter valued at $25,000. Ossiam acquired a new stake in shares of Guidewire Software during the 4th quarter valued at $29,000. Assetmark Inc. lifted 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 valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software in the third quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $34,000.

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.