Guidewire Software (NYSE:GWRE) Price Target Raised to $281.00

Guidewire Software (NYSE:GWRE - Free Report) had its target price boosted by JMP Securities from $250.00 to $281.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a market outperform rating on the technology company's stock.

Several other research analysts also recently commented on GWRE. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Wednesday. Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, DA Davidson cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price on the stock. in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.00.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded up $1.95 on Wednesday, reaching $255.93. 1,585,412 shares of the company traded hands, compared to its average volume of 943,000. Guidewire Software has a 52 week low of $126.54 and a 52 week high of $263.20. The company has a 50 day moving average of $201.77 and a 200 day moving average of $194.70. The firm has a market capitalization of $21.47 billion, a PE ratio of 710.92, a PEG ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results 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. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period in the prior year, the firm earned $0.26 EPS. The company's revenue was up 22.0% compared to the same quarter last year. Equities analysts forecast that Guidewire Software will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other news, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the sale, the president now owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated 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 directly owns 258,593 shares in the company, valued at $43,397,077.26. The trade was a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,671 shares of company stock worth $5,471,104 in the last 90 days. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently bought and sold shares of the business. ANB Bank boosted its stake in Guidewire Software by 3.5% during the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock worth $298,000 after acquiring an additional 54 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after buying an additional 56 shares in the last quarter. Norden Group LLC lifted its stake in shares of Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after buying an additional 61 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 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.