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

Guidewire Software (NYSE:GWRE) had its price objective hoisted by equities researchers at Robert W. Baird from $202.00 to $235.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price target would suggest a potential upside of 14.18% from the company’s current price.

Several other equities analysts have also commented on GWRE. BTIG Research restated a “buy” rating and set a $175.00 price target on shares of Guidewire Software in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Wells Fargo & Company decreased their target price on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Oppenheimer lifted their price target on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Guidewire Software Stock Down 0.0%

NYSE:GWRE opened at $205.81 on Monday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $152.89 and a 200-day moving average of $144.26. The firm has a market capitalization of $17.13 billion, a PE ratio of 111.25 and a beta of 0.92. Guidewire Software has a 52 week low of $102.30 and a 52 week high of $272.60.

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

Insider Buying and Selling

In related news, President John P. Mullen sold 14,400 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the transaction, the president directly owned 116,715 shares of the company’s stock, valued at approximately $21,592,275. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $187.82, for a total transaction of $225,384.00. Following the completion of the transaction, the chief executive officer owned 187,776 shares in the company, valued at approximately $35,268,088.32. This represents a 0.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 45,893 shares of company stock valued at $6,940,574. 0.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. American Trust raised its position in shares of Guidewire Software by 3.9% in the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after purchasing an additional 61 shares during the period. Vident Advisory LLC boosted its holdings in Guidewire Software by 1.7% during the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock valued at $936,000 after purchasing an additional 70 shares in the last quarter. Castleark Management LLC raised its stake in Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after acquiring an additional 80 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of Guidewire Software by 9.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company’s stock worth $218,000 after buying an additional 98 shares in the last quarter. Finally, Avory & Company LLC increased its stake in shares of Guidewire Software by 10.0% in the fourth quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock valued at $239,000 after buying an additional 108 shares in the last quarter.

About Guidewire Software

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.