Guidewire Software (NYSE:GWRE) had its price target raised by equities research analysts at Citigroup from $97.00 to $115.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup‘s target price would indicate a potential upside of 3.82% from the company’s previous close.
A number of other brokerages have also weighed in on GWRE. Guggenheim reiterated a “buy” rating and set a $130.00 target price on shares of Guidewire Software in a research note on Friday. JMP Securities reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. ValuEngine cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. DA Davidson boosted their price objective on shares of Guidewire Software to $125.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus upped their price objective on Guidewire Software from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Guidewire Software presently has an average rating of “Hold” and an average target price of $113.71.
Guidewire Software stock opened at $110.77 on Monday. Guidewire Software has a twelve month low of $73.82 and a twelve month high of $123.60. The company has a quick ratio of 5.75, a current ratio of 5.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.15 billion, a P/E ratio of 175.83, a PEG ratio of 47.08 and a beta of 1.18. The stock’s 50 day moving average is $115.92 and its 200 day moving average is $105.07.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, December 5th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.33. The business had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $151.75 million. Guidewire Software had a net margin of 0.03% and a return on equity of 2.02%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, equities analysts expect that Guidewire Software will post 0.18 EPS for the current year.
In other Guidewire Software news, insider James Winston King sold 4,200 shares of Guidewire Software stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $106.09, for a total transaction of $445,578.00. Following the sale, the insider now owns 8,406 shares of the company’s stock, valued at approximately $891,792.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Priscilla Hung sold 3,310 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $108.23, for a total transaction of $358,241.30. Following the sale, the chief operating officer now directly owns 7,753 shares of the company’s stock, valued at approximately $839,107.19. The disclosure for this sale can be found here. Insiders have sold a total of 87,709 shares of company stock worth $9,380,252 in the last 90 days. 0.37% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Guidewire Software by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 7,569 shares of the technology company’s stock valued at $798,000 after purchasing an additional 252 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Guidewire Software in the 3rd quarter valued at about $6,003,000. Brown Capital Management LLC boosted its stake 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 valued at $378,191,000 after buying an additional 431,969 shares during the period. Synovus Financial Corp boosted its stake 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 valued at $541,000 after buying an additional 5,037 shares during the period. Finally, Keybank National Association OH grew its position in shares of Guidewire Software by 5.6% during the third quarter. Keybank National Association OH now owns 3,208 shares of the technology company’s stock worth $338,000 after buying an additional 171 shares in 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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