Guidewire Software (NYSE:GWRE) Price Target Increased to $95.00 by Analysts at Bank of America

Guidewire Software (NYSE:GWREFree Report) had its price target hoisted by Bank of America from $80.00 to $95.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an underperform rating on the technology company’s stock.

GWRE has been the subject of several other reports. Citigroup increased their price objective on Guidewire Software from $109.00 to $122.00 and gave the stock a neutral rating in a report on Tuesday. Oppenheimer increased their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an outperform rating in a research report on Wednesday. DA Davidson reissued a buy rating and set a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. Robert W. Baird increased their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Finally, Wells Fargo & Company increased their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an overweight rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of Moderate Buy and an average target price of $128.31.

View Our Latest Stock Report on Guidewire Software

Guidewire Software Price Performance

GWRE opened at $127.10 on Wednesday. The stock has a fifty day moving average of $115.31 and a 200-day moving average of $111.94. The firm has a market capitalization of $10.46 billion, a P/E ratio of -205.66 and a beta of 1.14. Guidewire Software has a 12-month low of $68.45 and a 12-month high of $129.09. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWREGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Equities analysts forecast that Guidewire Software will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at $18,067,202.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John P. Mullen sold 3,665 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 $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Insiders have sold a total of 10,785 shares of company stock valued at $1,220,087 over the last three months. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in shares of Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock valued at $2,114,000 after acquiring an additional 15,695 shares during the last quarter. Comerica Bank raised its stake in shares of Guidewire Software by 61.7% in the first quarter. Comerica Bank now owns 25,024 shares of the technology company’s stock valued at $2,921,000 after acquiring an additional 9,546 shares during the last quarter. Motley Fool Asset Management LLC bought a new position in shares of Guidewire Software in the first quarter valued at approximately $3,826,000. Vancity Investment Management Ltd raised its stake in shares of Guidewire Software by 15.1% in the first quarter. Vancity Investment Management Ltd now owns 10,808 shares of the technology company’s stock valued at $1,261,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Guidewire Software by 1.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock valued at $73,566,000 after purchasing an additional 8,995 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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