Deutsche Bank Reaffirms Buy Rating for Guidewire Software (GWRE)
Deutsche Bank reiterated their buy rating on shares of Guidewire Software (NYSE:GWRE) in a report released on Thursday morning. Deutsche Bank currently has a $85.00 target price on the technology company’s stock.
Other research analysts also recently issued reports about the stock. TheStreet raised shares of Guidewire Software from a c+ rating to a b rating in a research report on Wednesday, September 6th. Citigroup reissued a buy rating and set a $85.00 target price (up from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. Piper Jaffray Companies reissued a buy rating and set a $80.00 target price on shares of Guidewire Software in a research report on Sunday, August 27th. KeyCorp reissued a buy rating and set a $75.00 target price on shares of Guidewire Software in a research report on Friday, August 25th. Finally, BidaskClub downgraded shares of Guidewire Software from a strong-buy rating to a buy rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $80.11.
Guidewire Software (NYSE GWRE) traded down $1.24 during trading hours on Thursday, reaching $73.15. 1,380,000 shares of the company’s stock traded hands, compared to its average volume of 612,253. The stock has a market cap of $5,512.73, a price-to-earnings ratio of 182.88, a price-to-earnings-growth ratio of 23.16 and a beta of 1.18. Guidewire Software has a 52-week low of $49.18 and a 52-week high of $83.52.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.42%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. equities research analysts expect that Guidewire Software will post 0.13 earnings per share for the current year.
In related news, CFO Richard Hart sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $75.57, for a total value of $28,338.75. Following the completion of the transaction, the chief financial officer now directly owns 3,819 shares of the company’s stock, valued at approximately $288,601.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Roza sold 782 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.20, for a total transaction of $61,152.40. Following the completion of the transaction, the insider now directly owns 7,127 shares of the company’s stock, valued at $557,331.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,621 shares of company stock valued at $6,933,274. 0.69% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in GWRE. D.A. Davidson & CO. boosted its holdings in Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,476 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Guidewire Software by 64.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares during the period. Zions Bancorporation bought a new position in Guidewire Software in the 3rd quarter valued at $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Guidewire Software by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after purchasing an additional 283 shares during the period.
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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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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