Robert W. Baird Raises Guidewire Software (NYSE:GWRE) Price Target to $236.00

Guidewire Software (NYSE:GWRE - Free Report) had its price target increased by Robert W. Baird from $230.00 to $236.00 in a report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company's stock.

Several other equities research analysts have also weighed in on GWRE. DA Davidson restated a "buy" rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note 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 report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. One investment 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 has an average rating of "Moderate Buy" and an average target price of $206.08.

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Guidewire Software Trading Down 3.8 %

NYSE GWRE traded down $6.64 during trading on Friday, hitting $166.60. The company had a trading volume of 1,853,898 shares, compared to its average volume of 1,322,115. The company's fifty day moving average is $194.68 and its 200-day moving average is $185.09. Guidewire Software has a one year low of $107.00 and a one year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 462.78, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

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

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares of the company's stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President John P. Mullen sold 7,165 shares of the firm's stock in a transaction dated 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 sale, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,056 shares of company stock worth $8,094,892 in the last three months. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its stake in shares of Guidewire Software by 265.4% in the 3rd quarter. QRG Capital Management Inc. now owns 6,990 shares of the technology company's stock worth $1,279,000 after buying an additional 5,077 shares during the last quarter. Portside Wealth Group LLC purchased a new position in Guidewire Software in the third quarter worth about $201,000. Capital Performance Advisors LLP bought a new stake in shares of Guidewire Software during the 3rd quarter valued at about $164,000. Assetmark Inc. increased its position 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 purchasing an additional 145 shares during the last quarter. Finally, Chartwell Investment Partners LLC purchased a new stake in shares of Guidewire Software during the 3rd quarter valued at about $1,502,000.

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.