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

Guidewire Software (NYSE:GWRE - Get Free Report) had its target price increased by stock analysts at Stifel Nicolaus from $200.00 to $220.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price target suggests a potential upside of 12.05% from the company's previous close.

GWRE has been the subject of a number of other reports. Oppenheimer increased their target price on Guidewire Software from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday. DA Davidson reiterated a "buy" rating and issued a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. Robert W. Baird boosted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Finally, BTIG Research raised their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a research note 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.69.

Guidewire Software Stock Up 1.2 %

Shares of NYSE GWRE traded up $2.31 during mid-day trading on Tuesday, hitting $196.35. 832,742 shares of the company were exchanged, compared to its average volume of 700,912. The stock has a 50 day simple moving average of $183.97 and a 200-day simple moving average of $153.09. Guidewire Software has a 1-year low of $95.02 and a 1-year high of $199.33. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of -2,455.69, a price-to-earnings-growth ratio of 49.72 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 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Guidewire Software's quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Guidewire Software will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company's stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,251 shares of company stock worth $8,849,257. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently made changes to their positions in GWRE. Vanguard Group Inc. raised its holdings in Guidewire Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company's stock valued at $949,430,000 after buying an additional 67,439 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock valued at $626,918,000 after acquiring an additional 679,558 shares during the period. Linonia Partnership LP lifted its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock valued at $330,329,000 after acquiring an additional 185,077 shares in the last quarter. Geode Capital Management LLC boosted its position in Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock worth $243,580,000 after purchasing an additional 6,223 shares during the period. Finally, Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company's stock valued at $148,323,000 after purchasing an additional 240,622 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.