Guidewire Software (NYSE:GWRE) Price Target Raised to $240.00

Guidewire Software (NYSE:GWRE) had its target price raised by The Goldman Sachs Group from $210.00 to $240.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other brokerages have also issued reports on GWRE. Royal Bank of Canada boosted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Oppenheimer boosted 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. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $204.50.

Guidewire Software Stock Up 0.6 %

Shares of GWRE opened at $215.74 on Monday. The firm has a market cap of $18.02 billion, a P/E ratio of 599.28, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. Guidewire Software has a 12-month low of $107.00 and a 12-month high of $219.59. The company’s 50-day moving average price is $185.62 and its 200 day moving average price is $178.19. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the transaction, the president now directly owns 174,746 shares of the company’s stock, valued at approximately $36,485,217.34. The trade was a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,506 shares of company stock valued at $6,789,679. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its holdings 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 in the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the fourth quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 99 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.