Guidewire Software (NYSE:GWRE) PT Raised to $200.00 at Stifel Nicolaus

Guidewire Software (NYSE:GWRE) had its price target increased by Stifel Nicolaus from $175.00 to $200.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also recently weighed in on GWRE. Needham & Company LLC reaffirmed a hold rating on shares of Guidewire Software in a report on Friday, September 6th. Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a neutral rating in a report on Monday, September 9th. JMP Securities boosted their target price on Guidewire Software from $141.00 to $179.00 and gave the stock a market outperform rating in a report on Friday, September 6th. DA Davidson reissued a buy rating and set a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. Finally, Robert W. Baird boosted their target price on Guidewire Software from $152.00 to $165.00 and gave the stock an outperform rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of Moderate Buy and a consensus price target of $163.62.

Guidewire Software Stock Up 0.7 %

Shares of GWRE stock opened at $177.97 on Thursday. The business has a 50 day moving average of $154.66 and a two-hundred day moving average of $134.04. Guidewire Software has a 52 week low of $85.15 and a 52 week high of $179.13. The company has a market cap of $14.71 billion, a P/E ratio of -1,369.00 and a beta of 1.18.

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

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,601 shares of company stock worth $8,984,892. Corporate insiders own 0.38% 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. PNC Financial Services Group Inc. grew its holdings in shares of Guidewire Software by 8.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the technology company’s stock valued at $970,000 after acquiring an additional 678 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Guidewire Software by 126.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,912 shares of the technology company’s stock valued at $972,000 after acquiring an additional 4,979 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Guidewire Software by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,176 shares of the technology company’s stock valued at $3,945,000 after acquiring an additional 350 shares in the last quarter. Evoke Wealth LLC purchased a new position in shares of Guidewire Software during the 4th quarter valued at $4,911,000. Finally, Bank of Nova Scotia purchased a new position in shares of Guidewire Software during the 4th quarter valued at $468,000.

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.