Guidewire Software (NYSE:GWRE) had its price target upped by JPMorgan Chase & Co. from $122.00 to $126.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.
GWRE has been the topic of a number of other reports. ValuEngine downgraded shares of Guidewire Software from a buy rating to a hold rating in a research report on Tuesday. DA Davidson lifted their price target on shares of Guidewire Software to $125.00 and gave the company a buy rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $100.00 to $105.00 and gave the stock a hold rating in a research note on Friday, September 27th. Finally, JMP Securities reissued a hold rating on shares of Guidewire Software in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $113.50.
Shares of NYSE GWRE traded down $8.56 during mid-day trading on Friday, hitting $110.77. 3,534,112 shares of the stock traded hands, compared to its average volume of 765,112. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.75 and a current ratio of 5.75. Guidewire Software has a 52 week low of $73.82 and a 52 week high of $123.60. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 175.83, a PEG ratio of 51.79 and a beta of 1.18. The stock has a fifty day moving average price of $115.92 and a 200-day moving average price of $105.07.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, December 5th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.33. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $151.75 million. Guidewire Software had a return on equity of 3.37% and a net margin of 2.87%. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, sell-side analysts predict that Guidewire Software will post 0.18 EPS for the current fiscal year.
In other Guidewire Software news, insider James Winston King sold 4,188 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $104.09, for a total transaction of $435,928.92. Following the completion of the sale, the insider now directly owns 4,306 shares in the company, valued at approximately $448,211.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Curtis Smith sold 1,310 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $106.78, for a total transaction of $139,881.80. Following the completion of the transaction, the chief financial officer now directly owns 7,503 shares of the company’s stock, valued at $801,170.34. The disclosure for this sale can be found here. Insiders have sold 87,709 shares of company stock valued at $9,380,252 in the last quarter. 0.37% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Guidewire Software by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 7,569 shares of the technology company’s stock valued at $798,000 after acquiring an additional 252 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Guidewire Software during the 3rd quarter valued at $6,003,000. Brown Capital Management LLC increased its holdings in shares of Guidewire Software by 13.1% in the 2nd quarter. Brown Capital Management LLC now owns 3,730,434 shares of the technology company’s stock worth $378,191,000 after purchasing an additional 431,969 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Guidewire Software by 8,836.8% in the 3rd quarter. Synovus Financial Corp now owns 5,094 shares of the technology company’s stock worth $541,000 after purchasing an additional 5,037 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Guidewire Software by 8.1% in the second quarter. Janus Henderson Group PLC now owns 1,636,460 shares of the technology company’s stock worth $165,904,000 after purchasing an additional 122,416 shares during the last quarter.
Guidewire Software Company Profile
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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