The Goldman Sachs Group Increases Guidewire Software (NYSE:GWRE) Price Target to $240.00

Guidewire Software (NYSE:GWRE - Free Report) had its price objective hoisted by The Goldman Sachs Group from $210.00 to $240.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the technology company's stock.

Several other brokerages have also weighed in on GWRE. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. JMP Securities reaffirmed a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reiterated a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird raised their target price on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $204.50.

Guidewire Software Stock Up 0.4 %

Shares of NYSE:GWRE traded up $0.96 during midday trading on Monday, hitting $216.62. 515,665 shares of the stock were exchanged, compared to its average volume of 1,429,391. The company has a market capitalization of $18.09 billion, a PE ratio of 601.71, a P/E/G ratio of 56.59 and a beta of 1.25. Guidewire Software has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business's fifty day simple moving average is $185.62 and its two-hundred day simple moving average is $178.19.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,506 shares of company stock valued at $6,789,679 over the last quarter. Corporate insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. raised its stake in Guidewire Software by 537.0% in the third 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 period. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring 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.