Guidewire Software (NYSE:GWRE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Guidewire Software (NYSE:GWRE - Get Free Report) had its price target raised by stock analysts at JPMorgan Chase & Co. from $271.00 to $288.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 21.81% from the stock's current price.

Several other brokerages have also recently weighed in on GWRE. DA Davidson reiterated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday. JMP Securities raised their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial boosted their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $248.31.

Guidewire Software Trading Down 0.4%

Shares of GWRE traded down $1.01 during trading hours on Wednesday, reaching $236.44. 121,839 shares of the company traded hands, compared to its average volume of 952,743. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 591.13, a PEG ratio of 23.42 and a beta of 1.15. Guidewire Software has a 12-month low of $132.01 and a 12-month high of $263.20. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average price is $219.62 and its 200 day moving average price is $199.41.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Sell-side analysts forecast that Guidewire Software will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the sale, the chief executive officer now owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. The trade was a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 2,300 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the completion of the transaction, the president now directly owns 164,030 shares of the company's stock, valued at approximately $30,829,438.50. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,160 shares of company stock valued at $3,542,237 in the last ninety days. Corporate insiders own 0.48% of the company's stock.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Guidewire Software by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company's stock worth $1,632,206,000 after purchasing an additional 256,070 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Guidewire Software by 16.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock worth $966,252,000 after buying an additional 720,322 shares during the last quarter. Linonia Partnership LP raised its position in Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock worth $636,333,000 after buying an additional 1,000,709 shares during the last quarter. Stockbridge Partners LLC lifted its stake in Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after acquiring an additional 205,382 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company's stock valued at $313,410,000 after acquiring an additional 24,991 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.