Guidewire Software (NYSE:GWRE) Given New $231.00 Price Target at JPMorgan Chase & Co.

Guidewire Software (NYSE:GWRE - Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $228.00 to $231.00 in a research note released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company's stock.

GWRE has been the subject of a number of other reports. Oppenheimer raised their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. JMP Securities reiterated a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, DA Davidson reiterated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.08.

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Guidewire Software Stock Down 3.8 %

NYSE:GWRE traded down $6.64 during trading hours on Friday, reaching $166.60. The company had a trading volume of 1,853,898 shares, compared to its average volume of 1,322,115. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 462.78, a P/E/G ratio of 37.21 and a beta of 1.31. The business's 50-day simple moving average is $194.68 and its two-hundred day simple moving average is $185.09. Guidewire Software has a twelve month low of $107.00 and a twelve month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities analysts expect that Guidewire Software will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company's stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the sale, the chief executive officer now directly owns 269,130 shares in the company, valued at approximately $45,762,865.20. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,056 shares of company stock valued at $8,094,892 over the last ninety days. Corporate insiders own 0.48% of the company's stock.

Institutional Trading of Guidewire Software

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new stake in Guidewire Software in the fourth quarter worth about $25,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after acquiring an additional 145 shares during the period. Ossiam bought a new stake in Guidewire Software in the fourth quarter worth about $29,000. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the third quarter worth about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the period.

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.