Stifel Nicolaus Issues Positive Forecast for Guidewire Software (NYSE:GWRE) Stock Price

Guidewire Software (NYSE:GWRE) had its price objective lifted by research analysts at Stifel Nicolaus from $200.00 to $220.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 13.40% from the company’s previous close.

Several other research firms have also recently commented on GWRE. Royal Bank of Canada boosted their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Wells Fargo & Company raised their price target on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Citigroup raised their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group raised their price target on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $182.92.

Guidewire Software Trading Up 0.9 %

Shares of Guidewire Software stock opened at $194.00 on Tuesday. Guidewire Software has a 1 year low of $95.02 and a 1 year high of $199.33. The company has a market cap of $16.20 billion, a P/E ratio of -2,424.70, a P/E/G ratio of 49.72 and a beta of 1.18. The stock has a 50-day moving average price of $183.97 and a 200 day moving average price of $153.09.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that Guidewire Software will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In other news, insider John P. Mullen sold 6,718 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the sale, the insider now owns 160,099 shares in the company, valued at $27,562,643.84. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Winston King sold 4,514 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,251 shares of company stock valued at $8,849,257 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of Guidewire Software during the second quarter worth $31,000. Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the third quarter valued at about $33,000. Lynx Investment Advisory bought a new stake in Guidewire Software in the second quarter valued at about $41,000. Finally, DT Investment Partners LLC bought a new stake in Guidewire Software in the second quarter valued at about $41,000.

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.