Guidewire Software's (GWRE) Outperform Rating Reaffirmed at Royal Bank of Canada

Guidewire Software (NYSE:GWRE - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $215.00 price objective on the technology company's stock. Royal Bank of Canada's target price suggests a potential upside of 9.50% from the company's previous close.

GWRE has been the topic of several other research reports. DA Davidson reiterated a "buy" rating and issued a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, October 11th. JMP Securities raised their target price on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a "market outperform" rating in a report on Friday, October 11th. Oppenheimer upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $183.69.

Guidewire Software Price Performance

Guidewire Software stock traded up $2.31 during mid-day trading on Tuesday, reaching $196.35. 832,742 shares of the company traded hands, compared to its average volume of 700,912. The firm's fifty day moving average is $184.55 and its two-hundred day moving average is $153.67. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of -2,454.01, a price-to-earnings-growth ratio of 49.72 and a beta of 1.18. Guidewire Software has a fifty-two week low of $95.02 and a fifty-two week high of $199.33.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. As a group, equities research analysts predict that Guidewire Software will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, insider James Winston King sold 4,514 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares of the company's stock, valued at $8,328,600.42. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares of the company's stock, valued at $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,251 shares of company stock worth $8,849,257 in the last 90 days. Insiders own 0.48% of the company's stock.

Institutional Trading of Guidewire Software

A number of hedge funds have recently bought and sold shares of GWRE. Neo Ivy Capital Management purchased a new stake in Guidewire Software in the 3rd quarter valued at $1,774,000. Coldstream Capital Management Inc. boosted its position 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 valued at $335,000 after acquiring an additional 182 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock valued at $243,580,000 after purchasing an additional 6,223 shares during the period. Orion Portfolio Solutions LLC increased its position in Guidewire Software by 0.7% during the third quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company's stock worth $3,897,000 after purchasing an additional 149 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Guidewire Software by 836.8% during the third quarter. XTX Topco Ltd now owns 14,221 shares of the technology company's stock worth $2,602,000 after purchasing an additional 12,703 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.