Guidewire Software (NYSE:GWRE)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Jaffray in a research note issued on Wednesday, March 14th.
Other equities analysts have also issued reports about the company. KeyCorp reissued a “buy” rating and set a $91.00 price target on shares of Guidewire Software in a research report on Wednesday, March 7th. DA Davidson initiated coverage on Guidewire Software in a report on Friday, February 2nd. They set a “buy” rating and a $92.00 price objective on the stock. Deutsche Bank restated a “buy” rating and set a $85.00 price objective on shares of Guidewire Software in a report on Thursday, November 30th. Citigroup set a $85.00 price objective on Guidewire Software and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, TheStreet downgraded Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $85.44.
Guidewire Software stock traded down $0.34 during midday trading on Wednesday, hitting $80.91. 777,067 shares of the company were exchanged, compared to its average volume of 788,423. The firm has a market capitalization of $6,123.17, a PE ratio of 202.28 and a beta of 1.05. Guidewire Software has a fifty-two week low of $58.25 and a fifty-two week high of $92.65.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.19 by $0.14. The firm had revenue of $163.80 million for the quarter, compared to analyst estimates of $154.34 million. Guidewire Software had a positive return on equity of 2.54% and a negative net margin of 5.09%. Guidewire Software’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. sell-side analysts anticipate that Guidewire Software will post -0.01 earnings per share for the current year.
In other news, Director Andrew William Fraser Brown sold 2,585 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $77.26, for a total value of $199,717.10. Following the completion of the sale, the director now directly owns 3,846 shares in the company, valued at approximately $297,141.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $79.07, for a total value of $1,581,400.00. The disclosure for this sale can be found here. Insiders sold a total of 82,022 shares of company stock valued at $6,581,821 over the last quarter. Company insiders own 0.69% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GWRE. The Manufacturers Life Insurance Company grew its stake in Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares during the last quarter. Swiss National Bank grew its stake in Guidewire Software by 1.1% during the 3rd quarter. Swiss National Bank now owns 123,718 shares of the technology company’s stock worth $9,633,000 after buying an additional 1,300 shares during the last quarter. Global X MANAGEMENT CO LLC grew its stake in Guidewire Software by 96.8% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 12,200 shares of the technology company’s stock worth $950,000 after buying an additional 6,002 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after buying an additional 794 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Guidewire Software by 1.4% during the 3rd quarter. Sei Investments Co. now owns 112,343 shares of the technology company’s stock worth $8,747,000 after buying an additional 1,539 shares during the last quarter.
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Guidewire Software Company Profile
Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.
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