Shares of Guidewire Software, Inc. (NYSE:GWRE) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $79.25.
GWRE has been the topic of a number of recent research reports. KeyCorp reiterated a “buy” rating and set a $86.00 price target on shares of Guidewire Software in a report on Friday, September 29th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Tuesday, October 24th. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Finally, ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
In other news, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 114,178 shares in the company, valued at $8,997,226.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Roza sold 781 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.33, for a total transaction of $54,927.73. Following the transaction, the insider now owns 998 shares in the company, valued at approximately $70,189.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,194 shares of company stock worth $8,854,115. 0.69% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. raised its holdings in shares of Guidewire Software by 2,270.8% during the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,476 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guidewire Software by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after acquiring an additional 283 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Guidewire Software during the third quarter worth about $200,000.
Shares of Guidewire Software (NYSE:GWRE) opened at $80.31 on Monday. The firm has a market cap of $6,051.93, a price-to-earnings ratio of 191.21, a price-to-earnings-growth ratio of 24.22 and a beta of 1.23. Guidewire Software has a one year low of $49.18 and a one year high of $83.47.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.20. The firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The company’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. equities analysts predict that Guidewire Software will post 0.21 earnings per share for the current fiscal year.
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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