Guidewire Software (NYSE:GWRE) Coverage Initiated at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group assumed coverage on shares of Guidewire Software (NYSE:GWRE) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $210.00 price target on the technology company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 2.27% from the stock’s current price.

Other analysts also recently issued reports about the stock. DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $196.08.

Guidewire Software Trading Up 0.4 %

Guidewire Software stock opened at $205.34 on Thursday. Guidewire Software has a 12 month low of $107.00 and a 12 month high of $212.00. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 570.40, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23. The business’s fifty day simple moving average is $182.60 and its two-hundred day simple moving average is $171.52. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Insider Activity

In other news, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,306 shares of company stock valued at $5,288,309 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Donoghue Forlines LLC bought a new stake in Guidewire Software during the fourth quarter valued at about $2,110,000. Icon Wealth Advisors LLC raised its stake in Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares during the period. Whale Rock Capital Management LLC lifted its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter. Cerity Partners LLC boosted its stake in Guidewire Software by 326.8% in the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the period. Finally, Xponance Inc. grew its holdings in Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after buying an additional 3,066 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.