Guidewire Software (NYSE:GWRE) PT Raised to $200.00 at JMP Securities

Guidewire Software (NYSE:GWRE) had its price target upped by JMP Securities from $179.00 to $200.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a market outperform rating on the technology company’s stock.

A number of other research analysts have also recently commented on GWRE. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an overweight rating in a research note on Thursday, October 3rd. BTIG Research raised their price objective 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. The Goldman Sachs Group increased their price target on Guidewire Software from $146.00 to $170.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Needham & Company LLC reaffirmed a hold rating on shares of Guidewire Software in a report on Friday. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $175.00 to $200.00 and gave the company a buy rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of Moderate Buy and an average target price of $178.62.

Guidewire Software Price Performance

GWRE opened at $187.88 on Friday. The business has a 50 day moving average price of $162.83 and a two-hundred day moving average price of $139.41. Guidewire Software has a 1-year low of $85.15 and a 1-year high of $188.47. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of -1,445.23 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last released 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 return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that Guidewire Software will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $8,984,892 in the last three months. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Guidewire Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after purchasing an additional 67,439 shares during the last quarter. Wasatch Advisors LP boosted its position in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Guidewire Software by 23.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares in the last quarter. Linonia Partnership LP boosted its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its position in shares of Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares in 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.