Guidewire Software (NYSE:GWRE) PT Raised to $200.00 at Stifel Nicolaus

Guidewire Software (NYSE:GWRE) had its target price raised by Stifel Nicolaus from $175.00 to $200.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other research firms have also recently issued reports on GWRE. Bank of America raised their price objective on Guidewire Software from $80.00 to $95.00 and gave the stock an underperform rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $133.00 to $145.00 and gave the stock an overweight rating in a report on Wednesday, June 5th. BTIG Research raised their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a buy rating in a report on Friday, August 30th. The Goldman Sachs Group increased their target price on Guidewire Software from $146.00 to $170.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Finally, Robert W. Baird increased their target price on Guidewire Software from $152.00 to $165.00 and gave the stock an outperform rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Guidewire Software currently has a consensus rating of Moderate Buy and a consensus target price of $163.62.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $177.97 on Thursday. The business’s fifty day moving average price is $154.66 and its two-hundred day moving average price is $134.04. The stock has a market cap of $14.71 billion, a PE ratio of -1,369.00 and a beta of 1.18. Guidewire Software has a one year low of $85.15 and a one year high of $179.13.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Guidewire Software will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the transaction, the insider now directly owns 160,099 shares in the company, valued at $27,562,643.84. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $8,984,892 over the last three months. 0.38% of the stock is owned by company insiders.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $27,000. ORG Partners LLC purchased a new stake in shares of Guidewire Software during the first quarter worth about $29,000. Rothschild Investment LLC purchased a new stake in shares of Guidewire Software during the second quarter worth about $31,000. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software during the second quarter worth about $41,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Guidewire Software during the second quarter worth about $41,000.

About Guidewire Software

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.