Shares of Guidewire Software Inc (NYSE:GWRE) have been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $108.40.
GWRE has been the topic of several recent analyst reports. Goldman Sachs Group restated a “buy” rating on shares of Guidewire Software in a report on Friday, February 1st. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, December 10th. DA Davidson set a $118.00 target price on Guidewire Software and gave the stock a “buy” rating in a report on Wednesday, December 5th. TheStreet cut Guidewire Software from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Finally, Citigroup decreased their price target on Guidewire Software from $101.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, December 6th.
Shares of Guidewire Software stock traded up $0.90 during trading on Wednesday, hitting $94.14. 216,501 shares of the company’s stock were exchanged, compared to its average volume of 472,991. The stock has a market cap of $7.56 billion, a PE ratio of 1,046.00, a price-to-earnings-growth ratio of 39.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 8.40 and a quick ratio of 8.40. Guidewire Software has a 52-week low of $72.51 and a 52-week high of $107.79.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, December 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.18. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. The business had revenue of $179.70 million for the quarter, compared to the consensus estimate of $162.24 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue was up 66.1% on a year-over-year basis. As a group, equities analysts expect that Guidewire Software will post 0.3 EPS for the current year.
In other news, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $88.18, for a total transaction of $1,763,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig Conway sold 400 shares of Guidewire Software stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $84.17, for a total value of $33,668.00. Following the transaction, the director now owns 8,593 shares of the company’s stock, valued at $723,272.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,623 shares of company stock worth $6,799,766. 0.69% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its stake in Guidewire Software by 6.2% in the second quarter. Northern Trust Corp now owns 401,812 shares of the technology company’s stock valued at $35,673,000 after buying an additional 23,624 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Guidewire Software by 5.6% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 798,857 shares of the technology company’s stock worth $80,101,000 after buying an additional 42,299 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Guidewire Software in the third quarter worth approximately $7,828,000. Mizuho Securities USA LLC purchased a new stake in shares of Guidewire Software in the third quarter worth approximately $434,000. Finally, Exchange Capital Management Inc. raised its stake in shares of Guidewire Software by 80.0% in the third quarter. Exchange Capital Management Inc. now owns 19,244 shares of the technology company’s stock worth $1,944,000 after purchasing an additional 8,553 shares during the last quarter.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.
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