Guidewire Software, Inc. (NYSE:GWRE – Get Rating) has received an average rating of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $117.67.
GWRE has been the topic of a number of research reports. StockNews.com upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Wells Fargo & Company cut their price objective on shares of Guidewire Software from $100.00 to $85.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 9th. JMP Securities upgraded shares of Guidewire Software from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Friday, March 18th. DA Davidson dropped their price target on shares of Guidewire Software from $144.00 to $132.00 in a research report on Thursday, March 3rd. Finally, BTIG Research dropped their price target on shares of Guidewire Software from $146.00 to $125.00 in a research report on Wednesday, March 9th.
NYSE GWRE opened at $77.60 on Friday. The company has a fifty day simple moving average of $87.95 and a two-hundred day simple moving average of $99.68. The stock has a market cap of $6.48 billion, a P/E ratio of -49.74 and a beta of 1.31. Guidewire Software has a 12-month low of $70.83 and a 12-month high of $130.95. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.24.
Guidewire Software (NYSE:GWRE – Get Rating) last released its quarterly earnings data on Tuesday, March 8th. The technology company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.14. The firm had revenue of $204.60 million for the quarter, compared to analyst estimates of $197.47 million. Guidewire Software had a negative net margin of 16.97% and a negative return on equity of 6.50%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. As a group, sell-side analysts forecast that Guidewire Software will post -1.94 earnings per share for the current year.
In other news, CFO Jeffrey Elliott Cooper sold 1,234 shares of the firm’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $87.92, for a total value of $108,493.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 3,806 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.92, for a total transaction of $334,623.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,444 shares of company stock worth $654,255. Company insiders own 0.17% of the company’s stock.
Several large investors have recently bought and sold shares of GWRE. Huntington National Bank raised its stake in shares of Guidewire Software by 43.8% in the 4th quarter. Huntington National Bank now owns 384 shares of the technology company’s stock valued at $44,000 after acquiring an additional 117 shares during the period. HighTower Advisors LLC raised its stake in shares of Guidewire Software by 1.0% in the 3rd quarter. HighTower Advisors LLC now owns 13,438 shares of the technology company’s stock valued at $1,596,000 after acquiring an additional 131 shares during the period. Stephens Inc. AR raised its stake in shares of Guidewire Software by 6.9% in the 4th quarter. Stephens Inc. AR now owns 2,049 shares of the technology company’s stock valued at $233,000 after acquiring an additional 133 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of Guidewire Software by 3.4% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,423 shares of the technology company’s stock valued at $419,000 after acquiring an additional 147 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Guidewire Software by 2.6% in the 1st quarter. Park Avenue Securities LLC now owns 5,975 shares of the technology company’s stock valued at $565,000 after acquiring an additional 149 shares during the period.
About Guidewire Software (GetRating)
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 that offers policy, billing, and claims management functionality to insurers; and Guidewire Insurance Suite for Self-Managed.
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