Shares of Guidewire Software Inc (NYSE:GWRE) have received an average rating of “Buy” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $79.25.
Several brokerages have recently weighed in on GWRE. Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. TheStreet cut shares of Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Deutsche Bank reaffirmed a “buy” rating and issued a $85.00 price target on shares of Guidewire Software in a research report on Thursday, November 30th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. Finally, BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th.
In related news, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $78.80, for a total transaction of $1,970,000.00. Following the completion of the transaction, the chief executive officer now owns 114,178 shares in the company, valued at approximately $8,997,226.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Polelle sold 3,241 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $73.24, for a total transaction of $237,370.84. Following the transaction, the insider now owns 5,522 shares of the company’s stock, valued at approximately $404,431.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,534 shares of company stock valued at $7,767,441. 0.69% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in shares of Guidewire Software by 51.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock worth $6,079,000 after acquiring an additional 30,089 shares in the last quarter. First Trust Advisors LP increased its stake in Guidewire Software by 3,290.9% during the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock valued at $8,237,000 after purchasing an additional 102,677 shares in the last quarter. BlackRock Inc. increased its stake in Guidewire Software by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after purchasing an additional 103,707 shares in the last quarter. Koch Industries Inc. acquired a new position in Guidewire Software during the 2nd quarter valued at approximately $304,000. Finally, Vanguard Group Inc. increased its stake in Guidewire Software by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after purchasing an additional 96,478 shares in the last quarter.
Guidewire Software (GWRE) traded down $0.33 during trading on Friday, reaching $79.49. 176,669 shares of the company’s stock traded hands, compared to its average volume of 468,484. The stock has a market cap of $6,065.14, a PE ratio of 201.20, a price-to-earnings-growth ratio of 91.33 and a beta of 1.17. Guidewire Software has a 12 month low of $51.00 and a 12 month high of $83.52.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The business had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. During the same period in the previous year, the company posted $0.02 EPS. Guidewire Software’s revenue for the quarter was up 15.0% on a year-over-year basis. analysts anticipate that Guidewire Software will post 0.06 EPS for the current year.
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Guidewire Software Company Profile
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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