Guidewire Software (NYSE:GWRE) Price Target Increased to $140.00 by Analysts at Wells Fargo & Company

Guidewire Software (NYSE:GWREFree Report) had its price target increased by Wells Fargo & Company from $130.00 to $140.00 in a research note released on Wednesday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities analysts have also weighed in on the company. Robert W. Baird boosted their target price on Guidewire Software from $131.00 to $140.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. DA Davidson reissued a buy rating and issued a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. Oppenheimer boosted their target price on Guidewire Software from $130.00 to $140.00 and gave the stock an outperform rating in a research report on Wednesday. Finally, Citigroup boosted their target price on Guidewire Software from $109.00 to $122.00 and gave the stock a neutral rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $128.31.

Get Our Latest Stock Analysis on GWRE

Guidewire Software Stock Performance

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

Guidewire Software (NYSE:GWREGet Free Report) last announced 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. The company had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Sell-side analysts anticipate that Guidewire Software will post -0.42 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s 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 $493,935.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. In related news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s 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 $493,935.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,785 shares of company stock worth $1,220,087. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in shares of Guidewire Software by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,678 shares of the technology company’s stock valued at $601,000 after acquiring an additional 194 shares during the last quarter. New York Life Investment Management LLC bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $773,000. Banque Cantonale Vaudoise bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $25,000. Swiss National Bank boosted its position in shares of Guidewire Software by 0.8% during the 3rd quarter. Swiss National Bank now owns 170,100 shares of the technology company’s stock valued at $15,309,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Guidewire Software by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,155 shares of the technology company’s stock valued at $45,644,000 after acquiring an additional 3,691 shares during the last quarter.

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.

Further Reading

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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