Guidewire Software (NYSE:GWRE) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Guidewire Software (NYSE:GWRE) in a report published on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $210.00 price objective on the technology company’s stock.

GWRE has been the topic of several other reports. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. 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. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One equities 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 company’s stock. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $196.08.

Guidewire Software Stock Up 12.4 %

Shares of GWRE stock opened at $206.30 on Thursday. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 573.06, a PEG ratio of 47.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company’s fifty day moving average price is $182.34 and its 200-day moving average price is $171.07. Guidewire Software has a one year low of $107.00 and a one year high of $212.00.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Winston King sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,606 shares of company stock valued at $5,141,309 over the last ninety days. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc bought a new stake in shares of Guidewire Software during the fourth quarter worth $25,000. Assetmark Inc. lifted its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new position in Guidewire Software in the 3rd quarter worth about $42,000. Finally, R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter worth approximately $47,000.

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.