Guidewire Software (NYSE:GWRE) Price Target Raised to $231.00 at JMP Securities

Guidewire Software (NYSE:GWRE) had its target price increased by research analysts at JMP Securities from $200.00 to $231.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the technology company’s stock. JMP Securities’ price target would indicate a potential upside of 12.98% from the company’s current price.

Several other brokerages also recently weighed in on GWRE. JPMorgan Chase & Co. increased their target price 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. Wells Fargo & Company upped their price objective on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Citigroup lifted their target price on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer lifted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $186.08.

Guidewire Software Stock Up 0.7 %

GWRE opened at $204.46 on Monday. Guidewire Software has a 52 week low of $95.02 and a 52 week high of $207.10. The business’s 50 day moving average is $186.96 and its two-hundred day moving average is $156.04. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of -2,549.88, a price-to-earnings-growth ratio of 52.47 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue 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 Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 4,514 shares of the company’s stock in a transaction that occurred on 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 directly owns 48,237 shares of the company’s stock, valued at $8,328,600.42. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 over the last quarter. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter worth about $31,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the third quarter worth about $33,000. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software in the second quarter worth about $41,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Guidewire Software in the second quarter valued at about $41,000.

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.