Guidewire Software (NYSE:GWRE) Given New $140.00 Price Target at Oppenheimer

Guidewire Software (NYSE:GWREFree Report) had its price objective upped by Oppenheimer from $130.00 to $140.00 in a report released on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also issued reports on GWRE. Robert W. Baird raised their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an outperform rating in a research note on Thursday, March 7th. DA Davidson restated a buy rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Finally, Citigroup raised their price objective on Guidewire Software from $109.00 to $122.00 and gave the stock a neutral rating in a report on Tuesday. 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. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $128.31.

View Our Latest Stock Analysis on GWRE

Guidewire Software Stock Up 17.6 %

Shares of NYSE:GWRE opened at $127.10 on Wednesday. The stock’s 50-day moving average price is $115.31 and its two-hundred day moving average price is $111.94. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software has a 12-month low of $68.45 and a 12-month high of $129.09. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of -205.66 and a beta of 1.14.

Guidewire Software (NYSE:GWREGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. On average, research analysts forecast that Guidewire Software will post -0.42 EPS for the current year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares in the company, valued at approximately $27,420,656.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,785 shares of company stock worth $1,220,087. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Partners Capital Investment Group LLP grew its position in shares of Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after acquiring an additional 99 shares in the last quarter. Greenwich Wealth Management LLC grew its position in shares of Guidewire Software by 0.3% in the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after acquiring an additional 101 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after acquiring an additional 132 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Guidewire Software by 8.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after acquiring an additional 142 shares in the last quarter. Finally, CWM LLC grew its position in shares of Guidewire Software by 18.4% in the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after acquiring an additional 179 shares in the last quarter.

Guidewire Software Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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