Guidewire Software (NYSE:GWRE) Price Target Raised to $245.00

Guidewire Software (NYSE:GWRE) had its price target hoisted by Citigroup from $242.00 to $245.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

GWRE has been the subject of a number of other reports. DA Davidson restated a “neutral” rating and issued a $250.00 price objective on shares of Guidewire Software in a report on Monday, December 1st. Stifel Nicolaus upped their price target on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective (up from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Oppenheimer increased their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $272.25.

Guidewire Software Stock Down 0.2%

Shares of NYSE GWRE opened at $210.74 on Friday. The company has a 50 day simple moving average of $228.24 and a 200 day simple moving average of $229.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. Guidewire Software has a 1 year low of $165.08 and a 1 year high of $272.60. The firm has a market cap of $17.92 billion, a PE ratio of 200.71, a price-to-earnings-growth ratio of 12.94 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, research analysts forecast that Guidewire Software will post 0.52 EPS for the current year.

Insider Activity

In other news, CAO David Franklin Peterson sold 1,811 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $439,837.57. Following the completion of the sale, the chief accounting officer owned 14,164 shares of the company’s stock, valued at $3,440,010.68. This trade represents a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 30,317 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $7,363,089.79. Following the transaction, the chief executive officer owned 264,958 shares in the company, valued at $64,350,349.46. The trade was a 10.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 110,942 shares of company stock worth $26,748,168. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently made changes to their positions in GWRE. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in Guidewire Software in the first quarter valued at approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $29,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Guidewire Software during the second quarter worth approximately $30,000.

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.