Oppenheimer Increases Guidewire Software (NYSE:GWRE) Price Target to $200.00

Guidewire Software (NYSE:GWRE) had its price target lifted by research analysts at Oppenheimer from $185.00 to $200.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target indicates a potential upside of 8.57% from the company’s current price.

A number of other equities research analysts have also issued reports on GWRE. The Goldman Sachs Group increased their price target on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada upped their price target on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Citigroup lifted their price objective 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. Finally, DA Davidson restated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.92.

Guidewire Software Stock Up 1.0 %

NYSE GWRE opened at $184.22 on Friday. Guidewire Software has a 52 week low of $85.15 and a 52 week high of $184.96. The company has a market capitalization of $15.23 billion, a P/E ratio of -1,417.08 and a beta of 1.19. The stock’s 50-day moving average price is $158.33 and its 200-day moving average price is $136.31.

Guidewire Software (NYSE:GWRE) last released 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. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. Research analysts anticipate that Guidewire Software will post 0.49 EPS for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the sale, the insider now directly owns 139,171 shares of the company’s stock, valued at $19,361,469.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider James Winston King sold 4,514 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the completion of the sale, the insider now owns 139,171 shares of the company’s stock, valued at $19,361,469.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,601 shares of company stock valued at $8,984,892. Insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Guidewire Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after buying an additional 67,439 shares during the last quarter. 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. Massachusetts Financial Services Co. MA grew its position in Guidewire Software by 23.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after acquiring an additional 516,942 shares during the last quarter. Linonia Partnership LP increased its stake in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Whale Rock Capital Management LLC lifted its position in shares of 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 purchasing an additional 240,622 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.