JPMorgan Chase & Co. Increases Guidewire Software (NYSE:GWRE) Price Target to $145.00

Guidewire Software (NYSE:GWREGet Free Report) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $133.00 to $145.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 16.00% from the stock’s previous close.

GWRE has been the topic of a number of other research reports. Oppenheimer boosted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup boosted their price target on shares of Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Stifel Nicolaus boosted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.31.

View Our Latest Analysis on GWRE

Guidewire Software Stock Performance

GWRE stock traded up $16.95 on Wednesday, reaching $125.00. 1,201,816 shares of the company were exchanged, compared to its average volume of 598,501. Guidewire Software has a 12 month low of $68.45 and a 12 month high of $127.69. The stock’s fifty day moving average price is $115.46 and its 200 day moving average price is $111.86. The firm has a market capitalization of $10.29 billion, a PE ratio of -203.71 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45.

Guidewire Software (NYSE:GWREGet Free Report) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. On average, research analysts anticipate that Guidewire Software will post -0.42 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now owns 146,697 shares in the company, valued at $18,067,202.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,785 shares of company stock valued at $1,220,087. 0.38% of the stock is owned by insiders.

Institutional Trading of Guidewire Software

Hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new stake in Guidewire Software during the 3rd quarter worth approximately $25,000. RiverPark Advisors LLC bought a new stake in Guidewire Software during the 4th quarter worth approximately $27,000. Transcendent Capital Group LLC bought a new stake in Guidewire Software during the 4th quarter worth approximately $27,000. ORG Partners LLC bought a new stake in Guidewire Software during the 1st quarter worth approximately $29,000. Finally, Lindbrook Capital LLC increased its stake in Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares in the last quarter.

About Guidewire Software

(Get Free Report)

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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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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