Guidewire Software (NYSE:GWRE) Given New $220.00 Price Target at Oppenheimer

Guidewire Software (NYSE:GWRE) had its target price upped by Oppenheimer from $200.00 to $220.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on GWRE. Royal Bank of Canada upped their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. DA Davidson restated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Robert W. Baird boosted their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group raised their price objective on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.69.

Guidewire Software Trading Up 1.5 %

Shares of GWRE stock opened at $202.77 on Tuesday. Guidewire Software has a twelve month low of $95.02 and a twelve month high of $202.99. The business’s 50 day moving average is $185.74 and its two-hundred day moving average is $154.29. The company has a market capitalization of $16.94 billion, a P/E ratio of -2,534.93, a price-to-earnings-growth ratio of 50.80 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts predict that Guidewire Software will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,116,179 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after acquiring an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after acquiring an additional 116 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its position in Guidewire Software by 4.8% in the second 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.

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.