Robert W. Baird Raises Guidewire Software (NYSE:GWRE) Price Target to $236.00

Guidewire Software (NYSE:GWRE) had its target price upped by investment analysts at Robert W. Baird from $230.00 to $236.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 35.85% from the stock’s previous close.

GWRE has been the subject of several other reports. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday. Finally, Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Down 7.1 %

GWRE stock opened at $173.72 on Friday. The stock’s 50 day simple moving average is $194.68 and its 200 day simple moving average is $184.83. Guidewire Software has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market cap of $14.51 billion, a P/E ratio of 482.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, research analysts expect that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $483,757.68. Following the completion of the transaction, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,656 shares of company stock valued at $7,856,836. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the fourth quarter worth $25,000. Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Ossiam purchased a new stake in shares of Guidewire Software in the fourth quarter worth $29,000. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software during the third quarter valued at about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 99 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.