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

by · The Markets Daily

Guidewire Software (NYSE:GWRE – Get Free Report) had its target price increased by stock analysts at Robert W. Baird from $175.00 to $204.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price would indicate a potential upside of 10.46% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Company raised their target price on Guidewire Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. DA Davidson restated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. JMP Securities lifted their price target on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. Finally, BTIG Research upped their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.92.

Check Out Our Latest Stock Analysis on GWRE

Guidewire Software Stock Up 1.1 %

Shares of GWRE stock opened at $184.68 on Tuesday. The company has a 50 day moving average price of $160.35 and a 200-day moving average price of $137.77. Guidewire Software has a 52 week low of $85.15 and a 52 week high of $185.20. The firm has a market capitalization of $15.27 billion, a PE ratio of -1,420.62 and a beta of 1.19.

Guidewire Software (NYSE:GWRE – Get Free Report) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Analysts anticipate that Guidewire Software will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In related news, insider James Winston King sold 4,514 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider James Winston King sold 4,514 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Elliott Cooper sold 10,334 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 value of $1,779,101.44. Following the transaction, the chief financial officer now owns 83,367 shares of the company’s stock, valued at $14,352,462.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,601 shares of company stock worth $8,984,892. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software in the 4th quarter valued at about $27,000. ORG Partners LLC bought a new stake in Guidewire Software in the first quarter worth $29,000. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter worth $31,000. Lynx Investment Advisory bought a new position in Guidewire Software during the second quarter valued at $41,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Guidewire Software in the second quarter valued at $41,000.

Guidewire Software Company Profile

(Get Free Report)

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.

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