Guidewire Software (NYSE:GWRE) PT Raised to $175.00

Guidewire Software (NYSE:GWRE) had its target price upped by Wells Fargo & Company from $150.00 to $175.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. Bank of America increased their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the company an underperform rating in a research note on Wednesday, June 5th. Oppenheimer lifted their price target on shares of Guidewire Software from $140.00 to $170.00 and gave the stock an outperform rating in a research note on Tuesday, August 20th. Citigroup upped their price objective on shares of Guidewire Software from $109.00 to $122.00 and gave the company a neutral rating in a research note on Tuesday, June 4th. BTIG Research lifted their target price on Guidewire Software from $135.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday, June 5th. Finally, Stifel Nicolaus upped their target price on Guidewire Software from $130.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of Moderate Buy and an average target price of $141.54.

Guidewire Software Stock Performance

Shares of GWRE opened at $145.82 on Wednesday. Guidewire Software has a 1 year low of $79.96 and a 1 year high of $153.85. The stock has a market capitalization of $12.05 billion, a PE ratio of -1,121.69 and a beta of 1.19. The stock has a 50-day simple moving average of $142.16 and a 200-day simple moving average of $125.97.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.14. The company had revenue of $240.68 million during the quarter, compared to analysts’ expectations of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. Analysts predict that Guidewire Software will post -0.31 EPS for the current year.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on 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 disclosure for this sale can be found here. In the last quarter, insiders sold 13,064 shares of company stock worth $1,782,775. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA acquired a new position in Guidewire Software in the 4th quarter valued at $105,311,000. Norges Bank acquired a new position in Guidewire Software in the fourth quarter valued at $97,829,000. Whale Rock Capital Management LLC lifted its position in Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares during the period. Teca Partners LP purchased a new position in Guidewire Software during the second quarter worth about $25,893,000. Finally, Linonia Partnership LP boosted its stake in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares during the last quarter.

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.