Guidewire Software (NYSE:GWRE) PT Raised to $210.00

by · The Cerbat Gem

Guidewire Software (NYSE:GWRE – Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $170.00 to $210.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.99% from the company’s current price.

Several other brokerages have also weighed in on GWRE. Bank of America raised their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. Wells Fargo & Company raised their target price on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup lifted their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Finally, Royal Bank of Canada lifted their price target on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $170.92.

Get Our Latest Research Report on GWRE

Guidewire Software Price Performance

GWRE stock opened at $184.22 on Thursday. The firm has a market capitalization of $15.23 billion, a P/E ratio of -1,412.85 and a beta of 1.19. The business’s 50-day moving average is $157.60 and its two-hundred day moving average is $135.65. Guidewire Software has a 1 year low of $85.15 and a 1 year high of $184.96.

Guidewire Software (NYSE:GWRE – Get Free Report) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 analyst estimates of $283.84 million. During the same quarter last year, the company earned $0.30 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect that Guidewire Software will post 0.49 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the sale, the insider now directly owns 139,171 shares in the company, valued at $19,361,469.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Guidewire Software news, insider James Winston King sold 4,514 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the sale, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the sale, the insider now owns 139,171 shares in the company, valued at approximately $19,361,469.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,601 shares of company stock worth $8,984,892. 0.38% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

A number of institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Guidewire Software in the fourth quarter worth $27,000. ORG Partners LLC acquired a new position in shares of Guidewire Software in the first quarter worth $29,000. Rothschild Investment LLC acquired a new position in shares of Guidewire Software in the second quarter worth $31,000. Lynx Investment Advisory acquired a new position in shares of Guidewire Software in the second quarter worth $41,000. Finally, DT Investment Partners LLC acquired a new position in shares of Guidewire Software in the second quarter worth $41,000.

About Guidewire Software

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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.

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