Raymond James Increases Guidewire Software (NYSE:GWRE) Price Target to $255.00

Guidewire Software (NYSE:GWRE - Free Report) had its price target boosted by Raymond James from $225.00 to $255.00 in a research report released on Wednesday,Benzinga reports. Raymond James currently has an outperform rating on the technology company's stock.

Other equities analysts have also issued reports about the stock. Oppenheimer raised their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday. Bank of America raised their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday. 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 note on Wednesday. Royal Bank of Canada raised their target price on shares of Guidewire Software from $230.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $231.00 to $271.00 and gave the company an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $247.00.

Guidewire Software Price Performance

Shares of GWRE stock traded up $1.95 during trading hours on Wednesday, reaching $255.93. The stock had a trading volume of 1,585,412 shares, compared to its average volume of 943,000. The stock's fifty day simple moving average is $203.14 and its 200 day simple moving average is $195.13. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software has a 12 month low of $126.54 and a 12 month high of $263.20. 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.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS 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 company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same period last year, the business earned $0.26 earnings per share. Guidewire Software's revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that Guidewire Software will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $212.02, for a total transaction of $296,828.00. Following the completion of the sale, the chief executive officer now directly owns 248,793 shares in the company, valued at $52,749,091.86. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael C. Keller sold 1,848 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the sale, the director now directly owns 12,270 shares in the company, valued at approximately $2,270,318.10. This trade represents a 13.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,671 shares of company stock valued at $5,471,104. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the last quarter. Linonia Partnership LP grew its holdings in Guidewire Software by 41.8% in the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock worth $636,333,000 after acquiring an additional 1,000,709 shares during the last quarter. Invesco Ltd. grew its holdings in Guidewire Software by 70.4% in the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company's stock worth $267,382,000 after acquiring an additional 589,424 shares during the last quarter. Congress Asset Management Co. bought a new stake in Guidewire Software in the first quarter valued at $85,453,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after purchasing an additional 418,642 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.