Guidewire Software (NYSE:GWRE) Upgraded to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Guidewire Software (NYSE:GWRE) from a neutral rating to an outperform rating in a report issued on Tuesday morning, MarketBeat Ratings reports. Robert W. Baird currently has $117.00 target price on the technology company’s stock, up from their previous target price of $96.00.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $83.00 to $100.00 and gave the company an overweight rating in a research report on Friday, September 8th. Stifel Nicolaus raised their price target on Guidewire Software from $85.00 to $95.00 and gave the stock a buy rating in a report on Friday, September 8th. JMP Securities raised their price target on shares of Guidewire Software from $95.00 to $100.00 and gave the company a market outperform rating in a report on Friday, September 8th. TheStreet raised shares of Guidewire Software from a d rating to a c- rating in a report on Thursday, September 7th. Finally, Wells Fargo & Company lifted their price target on Guidewire Software from $85.00 to $90.00 and gave the company an equal weight rating in a research report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $95.00.

Guidewire Software Trading Up 5.5 %

GWRE opened at $96.65 on Tuesday. Guidewire Software has a twelve month low of $56.02 and a twelve month high of $96.90. The company has a fifty day moving average of $89.96 and a 200-day moving average of $82.55. The stock has a market cap of $7.92 billion, a PE ratio of -71.59 and a beta of 1.15. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.33.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 7th. The technology company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.36. The firm had revenue of $270.00 million during the quarter, compared to the consensus estimate of $261.38 million. Guidewire Software had a negative return on equity of 8.40% and a negative net margin of 12.35%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted ($0.31) EPS. On average, sell-side analysts predict that Guidewire Software will post -0.76 EPS for the current year.

Insider Activity

In other Guidewire Software news, COO Priscilla Hung sold 11,540 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $91.77, for a total transaction of $1,059,025.80. Following the completion of the sale, the chief operating officer now directly owns 57,516 shares in the company, valued at approximately $5,278,243.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Priscilla Hung sold 11,540 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $91.77, for a total value of $1,059,025.80. Following the completion of the sale, the chief operating officer now directly owns 57,516 shares in the company, valued at approximately $5,278,243.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mullen sold 5,740 shares of Guidewire Software stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $91.77, for a total value of $526,759.80. Following the transaction, the insider now owns 157,692 shares in the company, valued at $14,471,394.84. The disclosure for this sale can be found here. Insiders have sold 51,354 shares of company stock valued at $4,712,541 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in shares of Guidewire Software by 5.5% in the first quarter. HighTower Advisors LLC now owns 13,825 shares of the technology company’s stock worth $1,311,000 after purchasing an additional 726 shares during the period. Cetera Advisor Networks LLC increased its stake in Guidewire Software by 6.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 4,428 shares of the technology company’s stock worth $419,000 after buying an additional 276 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Guidewire Software during the first quarter valued at about $253,000. MetLife Investment Management LLC purchased a new position in shares of Guidewire Software in the first quarter valued at about $159,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Guidewire Software by 2.0% in the first quarter. Raymond James Trust N.A. now owns 10,089 shares of the technology company’s stock worth $955,000 after acquiring an additional 195 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

About Guidewire Software

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.