Guidewire Software (NYSE:GWRE) PT Raised to $204.00

Guidewire Software (NYSE:GWRE) had its target price lifted by Robert W. Baird from $175.00 to $204.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other analysts also recently commented on the company. Citigroup raised their target price on Guidewire Software from $123.00 to $165.00 and gave the company a neutral rating in a research note on Monday, September 9th. Oppenheimer raised their price objective on Guidewire Software from $185.00 to $200.00 and gave the company an outperform rating in a research note on Friday, October 4th. BTIG Research upped their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a buy rating in a research report on Friday, August 30th. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $185.00 to $200.00 and gave the company an overweight rating in a report on Thursday, October 3rd. Finally, DA Davidson restated a buy rating and issued a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $178.62.

Guidewire Software Stock Up 1.3 %

Shares of NYSE GWRE opened at $185.74 on Tuesday. The company has a market capitalization of $15.35 billion, a PE ratio of -1,428.77 and a beta of 1.19. Guidewire Software has a twelve month low of $85.15 and a twelve month high of $187.85. The firm has a fifty day simple moving average of $161.87 and a 200 day simple moving average of $138.58.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 during the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the company posted $0.30 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Guidewire Software will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the transaction, the insider now directly owns 139,171 shares in the company, valued at approximately $19,361,469.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the transaction, the insider now directly owns 139,171 shares in the company, valued at $19,361,469.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares in the company, valued at $27,562,643.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $8,984,892 over the last quarter. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new position in shares of Guidewire Software during the second quarter valued at approximately $31,000. ORG Partners LLC bought a new stake in shares of Guidewire Software during the 1st quarter valued at about $29,000. Transcendent Capital Group LLC purchased a new position in shares of Guidewire Software during the fourth quarter valued at about $27,000. DT Investment Partners LLC bought a new position in Guidewire Software in the second quarter worth about $41,000. Finally, Lynx Investment Advisory purchased a new stake in Guidewire Software in 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.