Guidewire Software (NYSE:GWRE) PT Raised to $185.00

Guidewire Software (NYSE:GWRE) had its price objective lifted by stock analysts at Oppenheimer from $170.00 to $185.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price would indicate a potential upside of 14.40% from the stock’s previous close.

A number of other research firms also recently issued reports on GWRE. BTIG Research increased their target price 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. Bank of America lifted their price objective on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. DA Davidson raised their price target on Guidewire Software from $142.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Citigroup lifted their price target on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Finally, The Goldman Sachs Group increased their price objective on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $158.38.

Guidewire Software Stock Up 12.4 %

GWRE opened at $161.72 on Friday. The firm has a market capitalization of $13.37 billion, a P/E ratio of -1,244.00 and a beta of 1.18. The stock has a fifty day moving average of $144.64 and a 200-day moving average of $128.12. Guidewire Software has a 12-month low of $83.91 and a 12-month high of $171.74.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Guidewire Software’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect that Guidewire Software will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock worth $1,782,775 in the last quarter. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of Guidewire Software

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after purchasing an additional 79 shares in the last quarter. Partners Capital Investment Group LLP raised its stake in shares of Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after buying an additional 99 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after acquiring an additional 116 shares during the period. CHICAGO TRUST Co NA boosted its position in shares of Guidewire Software by 4.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after acquiring an additional 130 shares in the last quarter. Finally, Legacy Advisors LLC increased its stake in Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after acquiring an additional 135 shares during the period.

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.