Guidewire Software (NYSE:GWRE) Price Target Raised to $200.00

Guidewire Software (NYSE:GWRE) had its target price upped by Wells Fargo & Company from $185.00 to $200.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group upped their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a buy rating in a research note on Monday, July 22nd. Citigroup lifted their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a neutral rating in a research report on Monday, September 9th. Oppenheimer upped their target price on shares of Guidewire Software from $170.00 to $185.00 and gave the stock an outperform rating in a research report on Friday, September 6th. Robert W. Baird lifted their price target on Guidewire Software from $152.00 to $165.00 and gave the company an outperform rating in a report on Tuesday, September 3rd. Finally, Needham & Company LLC reiterated a hold rating on shares of Guidewire Software in a research 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 given a buy rating to the company. According to data from MarketBeat, Guidewire Software has a consensus rating of Moderate Buy and a consensus target price of $170.92.

Guidewire Software Stock Performance

Guidewire Software stock opened at $184.22 on Thursday. Guidewire Software has a 1 year low of $85.15 and a 1 year high of $184.96. The firm’s 50-day moving average is $158.33 and its 200-day moving average is $136.47. The company has a market cap of $15.23 billion, a P/E ratio of -1,417.08 and a beta of 1.19.

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

Insider Activity

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 19th. The shares were 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 $8,328,600.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,601 shares of company stock worth $8,984,892. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

A number of hedge funds have recently modified their holdings of the business. Teca Partners LP raised its position in Guidewire Software by 31.1% during the fourth quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after buying an additional 46,453 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Guidewire Software in the fourth quarter worth approximately $204,000. Wasatch Advisors LP boosted its holdings in shares of Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the period. SG Americas Securities LLC purchased a new position in Guidewire Software during the first quarter valued at approximately $417,000. Finally, Cetera Investment Advisers increased its stake in Guidewire Software by 648.0% in the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock valued at $2,114,000 after buying an additional 15,695 shares during the period.

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.