Robert W. Baird Forecasts Strong Price Appreciation for Guidewire Software (NYSE:GWRE) Stock

Guidewire Software (NYSE:GWRE - Free Report) had its price target raised by Robert W. Baird from $204.00 to $220.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company's stock.

Several other research firms also recently weighed in on GWRE. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, October 11th. Wells Fargo & Company lifted their price target on Guidewire Software from $200.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Finally, BTIG Research lifted their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.69.

Guidewire Software Trading Up 1.4 %

NYSE:GWRE traded up $2.77 during mid-day trading on Tuesday, hitting $196.81. The stock had a trading volume of 512,725 shares, compared to its average volume of 699,486. Guidewire Software has a 52 week low of $95.02 and a 52 week high of $199.33. The stock has a market capitalization of $16.44 billion, a price-to-earnings ratio of -2,455.69, a P/E/G ratio of 49.72 and a beta of 1.18. The company has a 50 day simple moving average of $183.97 and a 200-day simple moving average of $153.09.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued 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. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, equities research analysts anticipate that Guidewire Software will post 0.53 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the firm'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 transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James Winston King sold 4,514 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares of the company's stock, valued at approximately $8,328,600.42. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,251 shares of company stock valued at $8,849,257. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Neo Ivy Capital Management acquired a new position in Guidewire Software during the 3rd quarter valued at $1,774,000. Coldstream Capital Management Inc. raised its position in shares of Guidewire Software by 11.2% during the third quarter. Coldstream Capital Management Inc. now owns 1,814 shares of the technology company's stock valued at $335,000 after buying an additional 182 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Guidewire Software by 0.5% during 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 buying an additional 6,223 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Guidewire Software by 0.7% in the third quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company's stock valued at $3,897,000 after buying an additional 149 shares during the period. Finally, XTX Topco Ltd grew its position 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 buying an additional 12,703 shares in the last quarter.

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.