Guidewire Software (NYSE:GWRE) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Guidewire Software (NYSE:GWRE) had its price objective raised by equities research analysts at The Goldman Sachs Group from $210.00 to $240.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 11.89% from the stock’s current price.

GWRE has been the subject of a number of other reports. JMP Securities reissued a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Royal Bank of Canada increased their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Robert W. Baird increased their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Trading Down 1.7 %

Guidewire Software stock opened at $214.50 on Monday. Guidewire Software has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 595.83, a PEG ratio of 56.59 and a beta of 1.25. The firm has a 50-day moving average price of $185.45 and a two-hundred day moving average price of $177.93.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the transaction, the president now directly owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This trade represents a 0.74 % 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, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the sale, the chief executive officer now owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,506 shares of company stock valued at $6,789,679 over the last ninety days. Insiders own 0.48% of the company’s stock.

Institutional Trading of Guidewire Software

Several large investors have recently added to or reduced their stakes in GWRE. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the fourth quarter valued at $25,000. Assetmark Inc. grew its stake in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software in the 3rd quarter valued at about $33,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the fourth quarter worth approximately $34,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the third quarter worth approximately $42,000.

Guidewire Software Company Profile

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.