Guidewire Software (NYSE:GWRE) had its price target raised to $180.00 at Royal Bank of Canada

Guidewire Software (NYSE:GWRE – Free Report) Their target price was upped by Royal Bank of Canada from $170.00 to $180.00 in a research note issued to investors on Friday, Benzinga reports. They are currently outperforming tech company stocks.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, June 5th. Oppenheimer boosted their target price on Guidewire Software from $170.00 to $185.00 and gave the stock an outperform rating in a report on Friday. Bank of America boosted their price target on Guidewire Software from $80.00 to $95.00 and gave the company an underperform rating in a research report on Wednesday, June 5th. DA Davidson upped their target price on shares of Guidewire Software from $142.00 to $168.00 and gave the stock a buy rating in a research note on Thursday, August 29th. Finally, Goldman Sachs Group upped their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the company a buy rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Moderate Buy and a consensus price target of $158.38, according to MarketBeat.

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Guidewire Software trading up 12.4%

Shares of NYSE GWRE opened at $161.72 on Friday. The stock has a market cap of $13.37 billion, a PE ratio of -1,244.00 and a beta of 1.18. Guidewire Software has a 12-month low of $83.91 and a 12-month high of $171.74. The stock has a fifty day simple moving average of $144.64 and a 200 day simple moving average of $128.20.

Guidewire Software (NYSE:GWRE – Get Your Free Report ) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. Guidewire Software’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $0.30. On average, equities analysts anticipate that Guidewire Software will post -0.31 earnings per share for the current year.

Insiders place their bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now owns 61,714 shares in the company, valued at $8,282,018.80. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,064 shares of company stock worth $1,782,775. 0.38% of shares are currently owned by insiders.

Institutional investors intervene in Guidewire’s software

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Transcendent Capital Group LLC purchased a new stake in shares of Guidewire Software in the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new stake in Guidewire Software in the 1st quarter worth $29,000. Rothschild Investment LLC purchased a new stake in Guidewire Software in the second quarter valued at $31,000. Lynx Investment Advisory purchased a new stake in Guidewire Software in the second quarter valued at $41,000. Finally, DT Investment Partners LLC purchased a new position in shares of Guidewire Software in the second quarter valued at $41,000.

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 offers Guidewire InsuranceNow, a cloud-based platform that provides insurers with policy, billing and claims management functionality; and Guidewire InsuranceSuite for Self-Managed.

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