Guidewire Software (NYSE:GWRE) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Guidewire Software (NYSE:GWRE) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $210.00 price target on the technology company’s stock.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird lifted their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

Guidewire Software Trading Up 12.4 %

NYSE:GWRE opened at $206.30 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a 50-day simple moving average of $182.34 and a 200-day simple moving average of $171.07. Guidewire Software has a one year low of $107.00 and a one year high of $212.00. The firm has a market cap of $17.23 billion, a P/E ratio of 573.06, a P/E/G ratio of 47.19 and a beta of 1.23.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $31,149,341.76. This represents a 3.79 % 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, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,606 shares of company stock worth $5,141,309. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in Guidewire Software by 54.2% in the 2nd quarter. Hsbc Holdings PLC now owns 22,612 shares of the technology company’s stock worth $3,131,000 after purchasing an additional 7,948 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Guidewire Software by 22.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,550 shares of the technology company’s stock worth $214,000 after buying an additional 280 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $55,000. Xponance Inc. grew its stake in Guidewire Software by 79.8% in the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after acquiring an additional 3,066 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Guidewire Software by 65.7% in the 2nd quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company’s stock worth $40,251,000 after acquiring an additional 115,757 shares in the last quarter.

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.