Guidewire Software (NYSE:GWRE) Price Target Raised to $240.00 at The Goldman Sachs Group

Guidewire Software (NYSE:GWRE) had its price objective boosted by research analysts at The Goldman Sachs Group from $210.00 to $240.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 9.67% from the company’s current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $5.31 during trading hours on Monday, hitting $218.84. The company’s stock had a trading volume of 246,218 shares, compared to its average volume of 1,478,458. The company has a 50 day moving average of $184.89 and a 200 day moving average of $176.94. The stock has a market cap of $18.28 billion, a PE ratio of 607.89, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software has a 12-month low of $107.00 and a 12-month high of $219.49.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68. Following the completion of the sale, the chief financial officer now directly owns 74,911 shares in the company, valued at approximately $12,814,275.66. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,106 shares of company stock worth $6,489,127. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently made changes to their positions in GWRE. Sanctuary Advisors LLC acquired a new stake in shares of Guidewire Software during the second quarter valued at about $429,000. CWM LLC grew its holdings in shares of Guidewire Software by 186.8% in the third quarter. CWM LLC now owns 15,004 shares of the technology company’s stock valued at $2,745,000 after purchasing an additional 9,773 shares in the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Guidewire Software by 12.5% in the third quarter. CHICAGO TRUST Co NA now owns 3,200 shares of the technology company’s stock valued at $585,000 after purchasing an additional 355 shares in the last quarter. Sapient Capital LLC acquired a new position in shares of Guidewire Software in the third quarter valued at approximately $1,625,000. Finally, Creative Planning lifted its stake in Guidewire Software by 16.0% in the third quarter. Creative Planning now owns 15,331 shares of the technology company’s stock worth $2,805,000 after acquiring an additional 2,120 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.