Guidewire Software (NYSE:GWRE) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Guidewire Software (NYSE:GWRE) had its target price increased by investment analysts at Robert W. Baird from $202.00 to $235.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price objective suggests a potential upside of 14.18% from the stock’s previous close.

GWRE has been the subject of several other reports. Stifel Nicolaus decreased their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Guidewire Software in a report on Thursday, July 2nd. The Goldman Sachs Group reduced their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wells Fargo & Company dropped their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Guidewire Software Stock Performance

NYSE GWRE opened at $205.81 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software has a 1 year low of $102.30 and a 1 year high of $272.60. The company has a fifty day moving average of $152.89 and a two-hundred day moving average of $144.26. The company has a market capitalization of $17.13 billion, a PE ratio of 111.25 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, analysts expect that Guidewire Software will post 1.83 earnings per share for the current year.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $187.82, for a total value of $225,384.00. Following the transaction, the chief executive officer directly owned 187,776 shares in the company, valued at approximately $35,268,088.32. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO David Franklin Peterson sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $200.00, for a total transaction of $500,000.00. Following the transaction, the chief accounting officer directly owned 9,787 shares in the company, valued at $1,957,400. The trade was a 20.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,893 shares of company stock worth $6,940,574 in the last quarter. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently added to or reduced their stakes in the business. American Trust increased its holdings in shares of Guidewire Software by 3.9% in the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after acquiring an additional 61 shares during the last quarter. Vident Advisory LLC lifted its stake in Guidewire Software by 1.7% during the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after purchasing an additional 70 shares during the last quarter. Castleark Management LLC boosted its holdings in Guidewire Software by 1.6% in the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after purchasing an additional 80 shares during the period. Cassaday & Co Wealth Management LLC boosted its holdings in Guidewire Software by 9.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company’s stock worth $218,000 after purchasing an additional 98 shares during the period. Finally, Avory & Company LLC increased its stake in Guidewire Software by 10.0% during the fourth quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock valued at $239,000 after purchasing an additional 108 shares during the last quarter.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.