Guidewire Software, Inc. (NYSE:GWRE - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $217.56 and last traded at $207.53, with a volume of 764 shares trading hands. The stock had previously closed at $207.34.
Analysts Set New Price Targets
Several equities research analysts have issued reports on GWRE shares. Robert W. Baird raised their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Royal Bank of Canada raised their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Oppenheimer boosted their price target on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. JMP Securities reissued a "market outperform" rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus price target of $202.00.
Read Our Latest Stock Report on GWRE
Guidewire Software Stock Up 0.7 %
The stock has a fifty day moving average price of $183.60 and a 200-day moving average price of $174.39. The firm has a market cap of $17.76 billion, a PE ratio of 590.04, a PEG ratio of 54.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.
Insiders Place Their Bets
In other news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the sale, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 7,165 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares of the company's stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,706 shares of company stock worth $5,570,969 over the last ninety days. 0.48% of the stock is owned by company insiders.
Hedge Funds Weigh In On Guidewire Software
Institutional investors have recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. grew its stake in shares of Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after acquiring an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock worth $448,000 after purchasing an additional 87 shares during the last quarter. Signaturefd LLC raised its position in shares of Guidewire Software by 2.4% in the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company's stock valued at $1,107,000 after purchasing an additional 139 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after buying an additional 145 shares during the last quarter.
About Guidewire Software
(
Get Free Report)
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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