Guidewire Software (NYSE:GWRE) Given New $270.00 Price Target at Robert W. Baird

Guidewire Software (NYSE:GWRE) had its price objective upped by Robert W. Baird from $265.00 to $270.00 in a research report released on Monday,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. JMP Securities upped their price target on Guidewire Software from $250.00 to $281.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 4th. Raymond James Financial increased their target price on Guidewire Software from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Oppenheimer lifted their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Bank of America lifted their price target on Guidewire Software from $135.00 to $160.00 and gave the company an “underperform” rating in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $250.92.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $222.47 on Monday. Guidewire Software has a twelve month low of $132.01 and a twelve month high of $263.20. The company has a market cap of $18.73 billion, a PE ratio of 556.16, a price-to-earnings-growth ratio of 19.67 and a beta of 1.16. The company’s 50 day moving average is $229.25 and its 200 day moving average is $206.63. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. Guidewire Software’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, sell-side analysts forecast that Guidewire Software will post 0.52 EPS for the current year.

Insider Activity

In other news, insider James Winston King sold 2,482 shares of the business’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the sale, the insider directly owned 37,441 shares of the company’s stock, valued at $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael C. Keller sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the sale, the director directly owned 10,410 shares in the company, valued at $2,472,687.30. This trade represents a 8.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,342 shares of company stock worth $4,843,857. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its stake in shares of Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after buying an additional 105 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software during the first quarter worth $25,000. Quarry LP acquired a new position in shares of Guidewire Software in the 1st quarter valued at $28,000. Rise Advisors LLC acquired a new stake in Guidewire Software in the 1st quarter valued at approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter.

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.