Oppenheimer Issues Positive Forecast for Guidewire Software (NYSE:GWRE) Stock Price

Guidewire Software (NYSE:GWRE - Free Report) had its target price increased by Oppenheimer from $220.00 to $230.00 in a report issued on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the technology company's stock.

A number of other equities analysts have also recently issued reports on the company. JMP Securities lifted their target price on Guidewire Software from $200.00 to $231.00 and gave the stock a "market outperform" rating in a report on Monday, November 25th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, October 11th. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. DA Davidson reissued a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday. Finally, BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $29.00 during trading on Friday, hitting $177.57. The stock had a trading volume of 4,582,067 shares, compared to its average volume of 737,541. The business has a fifty day moving average of $191.58 and a two-hundred day moving average of $160.55. Guidewire Software has a fifty-two week low of $95.02 and a fifty-two week high of $209.15. The firm has a market cap of $14.83 billion, a P/E ratio of 493.25, a PEG ratio of 53.58 and a beta of 1.18.

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

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jeffrey Elliott Cooper sold 10,334 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,779,101.44. Following the transaction, the chief financial officer now owns 83,367 shares in the company, valued at approximately $14,352,462.72. This trade represents a 11.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,116,179 in the last three months. Corporate insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in the stock. American Trust lifted its position in Guidewire Software by 55.1% during the 3rd quarter. American Trust now owns 2,898 shares of the technology company's stock worth $530,000 after acquiring an additional 1,029 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Guidewire Software in the third quarter worth about $125,000. Sanctuary Advisors LLC lifted its position in shares of Guidewire Software by 79.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,599 shares of the technology company's stock worth $1,135,000 after purchasing an additional 2,487 shares during the last quarter. Virtu Financial LLC boosted its stake in Guidewire Software by 649.4% during the 3rd quarter. Virtu Financial LLC now owns 14,650 shares of the technology company's stock valued at $2,680,000 after purchasing an additional 12,695 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Guidewire Software in the 3rd quarter valued at approximately $1,774,000.

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.