Guidewire Software (NYSE:GWRE) Price Target Raised to $220.00 at Robert W. Baird

Guidewire Software (NYSE:GWRE) had its price target lifted by Robert W. Baird from $204.00 to $220.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

GWRE has been the subject of a number of other reports. Stifel Nicolaus increased their price target on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. 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. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. JMP Securities upped their price target on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday, October 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. One investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.69.

Guidewire Software Stock Up 1.4 %

Shares of NYSE GWRE opened at $200.00 on Tuesday. The company’s fifty day simple moving average is $185.74 and its 200 day simple moving average is $154.29. The firm has a market cap of $16.70 billion, a PE ratio of -2,499.64, a P/E/G ratio of 50.80 and a beta of 1.18. Guidewire Software has a 12-month low of $95.02 and a 12-month high of $201.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that Guidewire Software will post 0.53 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated 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 sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,601 shares of company stock worth $9,116,179. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 15,695 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Guidewire Software by 91.3% in the 1st quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company’s stock worth $833,000 after purchasing an additional 3,409 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Guidewire Software by 8.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after purchasing an additional 165 shares during the last quarter. Xponance Inc. increased its stake in Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after purchasing an additional 3,066 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in Guidewire Software by 219.5% in the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock worth $1,139,000 after buying an additional 4,161 shares during 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.