Shares of Guidewire Software Inc (NYSE:GWRE) have received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $69.00.

GWRE has been the topic of several recent research reports. Piper Jaffray Cos. lifted their price target on shares of Guidewire Software to $70.00 in a research report on Thursday, June 2nd. Deutsche Bank AG restated a “buy” rating on shares of Guidewire Software in a research report on Monday, August 1st. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, July 11th. Citigroup Inc. lifted their price target on shares of Guidewire Software from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 2nd. Finally, TheStreet upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th.

In related news, insider Scott Roza sold 781 shares of Guidewire Software stock in a transaction on Friday, July 15th. The shares were sold at an average price of $63.30, for a total value of $49,437.30. Following the completion of the sale, the insider now owns 982 shares of the company’s stock, valued at approximately $62,160.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ali Kheirolomoom sold 4,062 shares of Guidewire Software stock in a transaction on Monday, June 20th. The shares were sold at an average price of $59.60, for a total transaction of $242,095.20. Following the completion of the sale, the insider now directly owns 3,846 shares of the company’s stock, valued at approximately $229,221.60. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in Guidewire Software by 163.9% in the second quarter. Public Employees Retirement System of Ohio now owns 66,270 shares of the company’s stock valued at $4,093,000 after buying an additional 41,161 shares during the last quarter. Sterling Capital Management LLC raised its stake in Guidewire Software by 12.3% in the second quarter. Sterling Capital Management LLC now owns 57,426 shares of the company’s stock valued at $3,547,000 after buying an additional 6,295 shares during the last quarter. Calvert Investment Management Inc. acquired a new stake in Guidewire Software during the second quarter valued at about $235,000. Stifel Financial Corp raised its stake in Guidewire Software by 1.2% in the second quarter. Stifel Financial Corp now owns 5,044 shares of the company’s stock valued at $312,000 after buying an additional 58 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Guidewire Software by 56.4% in the second quarter. Amalgamated Bank now owns 11,555 shares of the company’s stock valued at $714,000 after buying an additional 4,165 shares during the last quarter.

Shares of Guidewire Software (NYSE:GWRE) opened at 59.88 on Tuesday. Guidewire Software has a 12-month low of $42.32 and a 12-month high of $64.78. The stock’s 50 day moving average price is $61.87 and its 200-day moving average price is $58.47. The firm has a market capitalization of $4.36 billion and a P/E ratio of 299.40.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business earned $141.18 million during the quarter, compared to analyst estimates of $136.09 million. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, equities analysts expect that Guidewire Software will post $0.76 EPS for the current 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. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

5 Day Chart for NYSE:GWRE

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