Guidewire Software (NYSE:GWRE) Stock Rating Reaffirmed by Royal Bank of Canada

Guidewire Software (NYSE:GWRE)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a report released on Wednesday, Benzinga reports. They currently have a $130.00 price objective on the technology company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 4.00% from the stock’s current price.

GWRE has been the subject of a number of other reports. Citigroup upped their price target on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird upped their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Bank of America upped their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.31.

Guidewire Software Trading Up 15.7 %

Shares of NYSE GWRE traded up $16.95 during trading on Wednesday, hitting $125.00. 1,201,816 shares of the company traded hands, compared to its average volume of 598,501. Guidewire Software has a 1 year low of $68.45 and a 1 year high of $127.69. The company has a 50-day moving average price of $115.46 and a 200-day moving average price of $111.86. The firm has a market capitalization of $10.29 billion, a P/E ratio of -203.71 and a beta of 1.14. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. On average, equities analysts predict that Guidewire Software will post -0.42 EPS for the current year.

Insiders Place Their Bets

In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the sale, the insider now owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,785 shares of company stock worth $1,220,087. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of Guidewire Software by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,678 shares of the technology company’s stock valued at $601,000 after acquiring an additional 194 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at about $773,000. Banque Cantonale Vaudoise acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at about $25,000. Swiss National Bank boosted its position in shares of Guidewire Software by 0.8% during the 3rd quarter. Swiss National Bank now owns 170,100 shares of the technology company’s stock valued at $15,309,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Guidewire Software by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 507,155 shares of the technology company’s stock valued at $45,644,000 after buying an additional 3,691 shares in 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.