Robert W. Baird Issues Positive Forecast for Guidewire Software (NYSE:GWRE) Stock Price

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

A number of other equities analysts also recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company increased their target price 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, JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $173.72 on Friday. Guidewire Software has a 12-month low of $107.00 and a 12-month high of $219.59. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 482.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The business has a 50 day simple moving average of $194.63 and a 200 day simple moving average of $184.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at $58,979,036.40. The trade was a 0.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael C. Keller sold 1,939 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $338,898.42. Following the transaction, the director now owns 14,118 shares in the company, valued at $2,467,544.04. This represents a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,656 shares of company stock worth $7,856,836. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atomi Financial Group Inc. grew its stake in Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $2,110,000. Icon Wealth Advisors LLC grew its position in shares of Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after purchasing an additional 2,512 shares in the last quarter. GDS Wealth Management grew its position in shares of Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after purchasing an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its position in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

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.