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

Guidewire Software (NYSE:GWREFree Report) had its price target increased by Stifel Nicolaus from $130.00 to $140.00 in a report published on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

GWRE has been the subject of a number of other reports. DA Davidson reiterated a buy rating and issued a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company an overweight rating in a research report on Wednesday. Oppenheimer boosted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company an outperform rating in a research report on Wednesday. Bank of America boosted their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the company an underperform rating in a research report on Wednesday. Finally, Citigroup boosted their price target on shares of Guidewire Software from $109.00 to $122.00 and gave the company a neutral rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $128.31.

Read Our Latest Stock Analysis on GWRE

Guidewire Software Stock Up 17.6 %

Guidewire Software stock opened at $127.10 on Wednesday. Guidewire Software has a 1-year low of $68.45 and a 1-year high of $129.09. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of -205.66 and a beta of 1.14. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $115.31 and a 200 day simple moving average of $111.94.

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

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders sold 10,785 shares of company stock valued at $1,220,087 over the last three months. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Linonia Partnership LP bought a new position in shares of Guidewire Software during the fourth quarter valued at about $189,965,000. Invesco Ltd. increased its position in shares of Guidewire Software by 141.4% during the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after buying an additional 1,079,268 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Guidewire Software during the fourth quarter valued at about $105,311,000. Norges Bank purchased a new position in shares of Guidewire Software during the fourth quarter valued at about $97,829,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Guidewire Software by 628.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock valued at $28,184,000 after buying an additional 270,169 shares during the period.

About Guidewire Software

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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.

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