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

The Goldman Sachs Group initiated coverage on shares of Guidewire Software (NYSE:GWRE) in a research note issued on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $210.00 price target on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 14.48% from the company’s previous close.

Several other research analysts also recently commented on GWRE. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.08.

Guidewire Software Trading Up 1.1 %

Shares of GWRE opened at $183.44 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software has a 1-year low of $107.00 and a 1-year high of $209.15. The company has a market capitalization of $15.32 billion, a P/E ratio of 509.55, a P/E/G ratio of 47.19 and a beta of 1.23. The firm’s 50 day simple moving average is $182.12 and its 200 day simple moving average is $170.82.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 270 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now owns 45,664 shares of the company’s stock, valued at $7,981,153.92. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $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. Insiders sold 29,606 shares of company stock worth $5,141,309 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the fourth quarter worth $25,000. Assetmark Inc. grew its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software in the 3rd quarter valued at about $42,000. Finally, R Squared Ltd purchased a new stake in shares of Guidewire Software in the fourth quarter worth about $47,000.

About Guidewire Software

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.