Guidewire Software (NYSE:GWRE) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Guidewire Software (NYSE:GWRE) had its target price lifted by Stifel Nicolaus from $200.00 to $220.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts also recently commented on GWRE. DA Davidson restated a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. JMP Securities lifted their target price on Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, October 11th. Robert W. Baird increased their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Citigroup boosted their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.69.

Guidewire Software Stock Performance

NYSE GWRE opened at $200.00 on Tuesday. The business’s fifty day moving average is $185.74 and its 200 day moving average is $154.29. Guidewire Software has a fifty-two week low of $95.02 and a fifty-two week high of $201.60. The company has a market capitalization of $16.70 billion, a PE ratio of -2,499.64, a price-to-earnings-growth ratio of 50.80 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that Guidewire Software will post 0.53 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 10,334 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,779,101.44. Following the sale, the chief financial officer now directly owns 83,367 shares of the company’s stock, valued at $14,352,462.72. This represents a 11.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,601 shares of company stock worth $9,116,179. Corporate insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after acquiring an additional 79 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after purchasing an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Guidewire Software by 4.8% in the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after purchasing an additional 130 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.