Guidewire Software (NYSE:GWRE - Get Free Report) had its price objective upped by research analysts at JPMorgan Chase & Co. from $210.00 to $228.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 28.10% from the stock's previous close.
Other research analysts have also recently issued reports about the stock. BTIG Research boosted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday. DA Davidson restated a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday. JMP Securities reiterated a "market outperform" rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday. Finally, Citigroup increased their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $193.00.
View Our Latest Stock Analysis on Guidewire Software
Shares of GWRE traded down $28.59 on Friday, reaching $177.98. The company's stock had a trading volume of 865,340 shares, compared to its average volume of 704,167. Guidewire Software has a twelve month low of $95.02 and a twelve month high of $209.15. The stock has a market capitalization of $14.86 billion, a PE ratio of -2,224.47, a PEG ratio of 52.81 and a beta of 1.18. The firm has a fifty day moving average of $191.59 and a 200-day moving average of $160.19.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Guidewire Software's revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Guidewire Software will post 0.53 EPS for the current fiscal year.
In other Guidewire Software news, insider James Winston King sold 4,514 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares in the company, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,601 shares of company stock valued at $9,116,179. Insiders own 0.48% of the company's stock.
Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Assetmark Inc. increased its stake in 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 buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software in the 3rd quarter worth approximately $33,000. Rothschild Investment LLC purchased a new position in shares of Guidewire Software in the 2nd quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $42,000. Finally, DT Investment Partners LLC purchased a new stake in Guidewire Software during the 2nd quarter valued at $41,000.
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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