Guidewire Software (NYSE:GWRE) Price Target Lowered to $258.00 at JPMorgan Chase & Co.

Guidewire Software (NYSE:GWRE) had its price objective decreased by JPMorgan Chase & Co. from $300.00 to $258.00 in a research report sent to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

GWRE has been the subject of several other research reports. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson decreased their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. The Goldman Sachs Group dropped their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus reduced their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.42.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $141.32 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average price is $131.27 and its two-hundred day moving average price is $144.59. The company has a market cap of $11.77 billion, a PE ratio of 76.39 and a beta of 0.95. Guidewire Software has a twelve month low of $102.30 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. On average, analysts predict that Guidewire Software will post 1.83 EPS for the current year.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $138.47, for a total transaction of $166,164.00. Following the transaction, the chief executive officer owned 194,976 shares in the company, valued at $26,998,326.72. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 1,348 shares of Guidewire Software stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $105.67, for a total value of $142,443.16. Following the sale, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at $6,564,114.73. This represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,393 shares of company stock worth $3,960,558 over the last three months. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the 1st quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Flagship Harbor Advisors LLC acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $36,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software during the 1st quarter worth approximately $36,000. Finally, Bogart Wealth LLC increased its holdings in shares of Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after purchasing an additional 138 shares during the period.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.