Guidewire Software (NYSE:GWRE) Price Target Raised to $152.00 at Robert W. Baird

Guidewire Software (NYSE:GWREFree Report) had its price target lifted by Robert W. Baird from $140.00 to $152.00 in a report released on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Several other brokerages also recently commented on GWRE. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a buy rating in a report on Wednesday. Citigroup boosted their price objective on shares of Guidewire Software from $109.00 to $122.00 and gave the company a neutral rating in a report on Tuesday. DA Davidson reissued a buy rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company an overweight rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the company an overweight rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of Moderate Buy and an average target price of $129.23.

Check Out Our Latest Stock Report on Guidewire Software

Guidewire Software Stock Performance

Shares of GWRE stock opened at $130.74 on Thursday. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of -210.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The company has a 50-day simple moving average of $115.54 and a 200 day simple moving average of $112.05. Guidewire Software has a 52 week low of $68.45 and a 52 week high of $131.65.

Guidewire Software (NYSE:GWREGet Free Report) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. The business had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.21%. On average, sell-side analysts predict that Guidewire Software will post -0.42 earnings per share for the current year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. Insiders sold a total of 10,785 shares of company stock worth $1,220,087 in the last three months. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in GWRE. Banque Cantonale Vaudoise bought a new stake in Guidewire Software during the 3rd quarter worth approximately $25,000. RiverPark Advisors LLC bought a new stake in Guidewire Software during the 4th quarter worth approximately $27,000. Transcendent Capital Group LLC bought a new stake in Guidewire Software during the 4th quarter worth approximately $27,000. ORG Partners LLC bought a new stake in Guidewire Software during the 1st quarter worth approximately $29,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the last quarter.

Guidewire Software Company Profile

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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.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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