Guidewire Software (NYSE:GWRE) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Guidewire Software (NYSE:GWRE) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $210.00 price objective on the technology company’s stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.08.

Guidewire Software Trading Up 0.4 %

NYSE GWRE opened at $205.34 on Thursday. The company’s 50 day moving average price is $182.60 and its 200 day moving average price is $171.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software has a one year low of $107.00 and a one year high of $212.00. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 570.40, a PEG ratio of 47.71 and a beta of 1.23.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 1,509 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,306 shares of company stock valued at $5,288,309. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Guidewire Software

Several hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares during the last quarter. Linonia Partnership LP lifted its holdings in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the period. Geode Capital Management LLC lifted its holdings in Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the period. Whale Rock Capital Management LLC boosted its stake in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Guidewire Software by 7.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after acquiring an additional 53,967 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.