Robert W. Baird Boosts Guidewire Software (NYSE:GWRE) Price Target to $270.00

Guidewire Software (NYSE:GWRE - Get Free Report) had its price target upped by Robert W. Baird from $265.00 to $270.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Robert W. Baird's price objective would indicate a potential upside of 21.74% from the stock's current price.

A number of other equities analysts have also commented on GWRE. Bank of America boosted their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research note on Monday, June 23rd. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Oppenheimer boosted their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, DA Davidson reissued a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $250.92.

Guidewire Software Stock Performance

NYSE GWRE opened at $221.79 on Monday. The stock has a market cap of $18.67 billion, a P/E ratio of 554.48, a PEG ratio of 19.67 and a beta of 1.16. The company's 50-day simple moving average is $229.25 and its 200 day simple moving average is $206.63. Guidewire Software has a twelve month low of $132.01 and a twelve month high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted 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. The business had revenue of $293.51 million for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts forecast that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 2,482 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider owned 37,441 shares in the company, valued at approximately $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president owned 146,489 shares of the company's stock, valued at $34,432,239.45. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,942 shares of company stock worth $4,532,623 over the last three months. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GWRE. SBI Securities Co. Ltd. boosted its holdings in shares of Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software in the 1st quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of Guidewire Software in the 1st quarter valued at approximately $28,000. Rise Advisors LLC bought a new stake in shares of Guidewire Software during the 1st quarter valued at approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares during the last quarter.

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.

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