Guidewire Software (NYSE:GWRE) Price Target Raised to $220.00

Guidewire Software (NYSE:GWRE) had its price objective lifted by Stifel Nicolaus from $200.00 to $220.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on the company. Robert W. Baird boosted their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup increased their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JMP Securities lifted their target price on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday, October 11th. Oppenheimer increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, BTIG Research raised their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.69.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $200.00 on Tuesday. The company’s fifty day moving average price is $185.74 and its 200-day moving average price is $154.29. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of -2,499.64, a PEG ratio of 50.80 and a beta of 1.18. Guidewire Software has a one year low of $95.02 and a one year high of $201.60.

Guidewire Software (NYSE:GWRE) last released its 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 return on equity of 1.29% and a negative net margin of 0.62%. 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 previous year, the company posted $0.30 EPS. Guidewire Software’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Guidewire Software will post 0.53 EPS for the current year.

Insider Buying and Selling

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 10,334 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 value of $1,779,101.44. Following the completion of the transaction, the chief financial officer now directly owns 83,367 shares of the company’s stock, valued at approximately $14,352,462.72. The trade was a 11.03 % 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, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,116,179 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its holdings in shares of Guidewire Software by 648.0% during 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. Acadian Asset Management LLC lifted its holdings in Guidewire Software by 91.3% in the first quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company’s stock valued at $833,000 after acquiring an additional 3,409 shares during the period. Parkside Financial Bank & Trust boosted its position in Guidewire Software by 8.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after purchasing an additional 165 shares during the last quarter. Xponance Inc. grew its stake in shares of 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 during the period. Finally, Pallas Capital Advisors LLC increased its position in shares of Guidewire Software by 219.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 4,161 shares during the last quarter.

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.