Guidewire Software (NYSE:GWRE) Given New $204.00 Price Target at Robert W. Baird

Guidewire Software (NYSE:GWRE) had its price objective hoisted by Robert W. Baird from $175.00 to $204.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

GWRE has been the subject of several other research reports. BTIG Research lifted 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. Citigroup upped their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a neutral rating in a research report on Monday, September 9th. Oppenheimer raised their price objective on shares of Guidewire Software from $185.00 to $200.00 and gave the stock an outperform rating in a report on Friday, October 4th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, September 26th. Finally, Needham & Company LLC reissued a hold rating on shares of Guidewire Software in a research report on Friday, September 6th. 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 company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $178.62.

Guidewire Software Price Performance

GWRE opened at $185.74 on Tuesday. The firm has a market cap of $15.35 billion, a PE ratio of -1,428.77 and a beta of 1.19. The stock has a 50-day moving average price of $161.87 and a 200-day moving average price of $138.58. Guidewire Software has a 1 year low of $85.15 and a 1 year high of $187.85.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping 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 business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same quarter last year, the company earned $0.30 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Guidewire Software will post 0.53 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 4,956 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.70, for a total value of $855,901.20. Following the completion of the sale, the chief financial officer now owns 78,411 shares in the company, valued at $13,541,579.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $8,984,892 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda bought a new stake in Guidewire Software in the fourth quarter worth about $204,000. Wasatch Advisors LP boosted its holdings in Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after acquiring an additional 115,600 shares during the period. SG Americas Securities LLC bought a new position in Guidewire Software in the 1st quarter valued at $417,000. Cetera Investment Advisers increased its stake in Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 15,695 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Guidewire Software by 13.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,489 shares of the technology company’s stock worth $13,012,000 after purchasing an additional 13,163 shares during 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.