Guidewire Software (NYSE:GWRE) Price Target Raised to $205.00

Guidewire Software (NYSE:GWRE) had its price target hoisted by Wells Fargo & Company from $200.00 to $205.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.32% from the stock’s current price.

A number of other brokerages also recently weighed in on GWRE. DA Davidson reaffirmed a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Finally, BTIG Research upped their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.62.

Guidewire Software Trading Up 1.3 %

Shares of Guidewire Software stock opened at $185.82 on Friday. The company has a 50 day moving average of $161.87 and a 200-day moving average of $138.74. Guidewire Software has a 1-year low of $85.15 and a 1-year high of $187.85. The company has a market cap of $15.36 billion, a PE ratio of -1,429.38 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts forecast that Guidewire Software will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This trade 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 available at the SEC website. Also, 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 transaction of $187,812.00. Following the transaction, the insider now directly owns 139,171 shares of the company’s stock, valued at $19,361,469.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,601 shares of company stock worth $8,984,892. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Guidewire Software in the second quarter worth $31,000. ORG Partners LLC acquired a new stake in Guidewire Software in the first quarter worth $29,000. Transcendent Capital Group LLC acquired a new stake in Guidewire Software in the fourth quarter worth $27,000. DT Investment Partners LLC acquired a new stake in Guidewire Software in the second quarter worth $41,000. Finally, Lynx Investment Advisory acquired a new stake in Guidewire Software in the second quarter worth $41,000.

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.