Guidewire Software (NYSE:GWRE) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Guidewire Software (NYSE:GWRE) had its price target upped by Robert W. Baird from $204.00 to $220.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Several other research analysts have also issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $200.00 price target (up from $185.00) on shares of Guidewire Software in a research report on Friday, October 11th. Citigroup raised their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. DA Davidson reissued a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Finally, BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.69.

Guidewire Software Stock Up 1.5 %

Guidewire Software stock opened at $202.77 on Tuesday. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of -2,534.93, a P/E/G ratio of 50.80 and a beta of 1.18. Guidewire Software has a 12-month low of $95.02 and a 12-month high of $202.99. The business’s 50-day simple moving average is $185.74 and its 200 day simple moving average is $154.29.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter in the previous year, the company earned $0.30 EPS. Guidewire Software’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Guidewire Software will post 0.53 EPS for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares in the company, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. Virtu Financial LLC boosted its position in Guidewire Software by 649.4% during the third quarter. Virtu Financial LLC now owns 14,650 shares of the technology company’s stock worth $2,680,000 after purchasing an additional 12,695 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Guidewire Software during the 3rd quarter worth about $1,774,000. Coldstream Capital Management Inc. boosted its holdings in shares of Guidewire Software by 11.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,814 shares of the technology company’s stock worth $335,000 after buying an additional 182 shares during the period. Geode Capital Management LLC grew its stake in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Guidewire Software by 0.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company’s stock valued at $3,897,000 after acquiring an additional 149 shares during the period.

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.