Robert W. Baird Forecasts Strong Price Appreciation for Guidewire Software (NYSE:GWRE) Stock

Guidewire Software (NYSE:GWRE) had its price target hoisted by Robert W. Baird from $230.00 to $236.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on GWRE. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company increased their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Trading Down 7.1 %

NYSE GWRE opened at $173.72 on Friday. Guidewire Software has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $14.51 billion, a PE ratio of 482.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The firm’s fifty day simple moving average is $194.68 and its 200-day simple moving average is $185.09.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. As a group, sell-side analysts anticipate that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total transaction of $284,382.00. Following the sale, the chief executive officer now directly owns 270,530 shares of the company’s stock, valued at approximately $54,952,758.90. The trade was a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares in the company, valued at $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,656 shares of company stock worth $7,856,836. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in shares of Guidewire Software in the 4th quarter worth approximately $25,000. Ossiam acquired a new position in shares of Guidewire Software in the 4th quarter worth approximately $29,000. Assetmark Inc. boosted its holdings in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $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 worth approximately $33,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software in the 4th quarter worth approximately $34,000.

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.