DA Davidson started coverage on shares of Guidewire Software (NYSE:GWRE) in a research report released on Friday. The firm issued a buy rating and a $92.00 target price on the technology company’s stock.

GWRE has been the subject of several other research reports. Zacks Investment Research upgraded shares of Guidewire Software from a hold rating to a buy rating and set a $88.00 target price for the company in a research report on Tuesday, October 17th. TheStreet cut shares of Guidewire Software from a b rating to a c+ rating in a research report on Wednesday, November 29th. Citigroup set a $85.00 target price on shares of Guidewire Software and gave the company a buy rating in a research report on Thursday, November 30th. BidaskClub cut shares of Guidewire Software from a strong-buy rating to a buy rating in a research report on Wednesday, October 18th. Finally, Deutsche Bank reiterated a buy rating and set a $85.00 target price on shares of Guidewire Software in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $81.30.

Guidewire Software (NYSE:GWRE) traded down $0.47 during mid-day trading on Friday, reaching $78.00. 399,421 shares of the company traded hands, compared to its average volume of 425,583. Guidewire Software has a 1 year low of $51.95 and a 1 year high of $83.52. The company has a market cap of $5,913.67, a PE ratio of 288.89, a PEG ratio of 89.05 and a beta of 1.13.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. research analysts forecast that Guidewire Software will post 0.06 EPS for the current year.

In other news, Director Andrew William Fraser Brown sold 2,585 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $77.26, for a total value of $199,717.10. Following the completion of the transaction, the director now owns 3,846 shares of the company’s stock, valued at approximately $297,141.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Craig Conway sold 600 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $79.23, for a total transaction of $47,538.00. Following the completion of the transaction, the director now directly owns 8,847 shares of the company’s stock, valued at approximately $700,947.81. The disclosure for this sale can be found here. Insiders sold a total of 98,534 shares of company stock valued at $7,378,841 in the last three months. 0.69% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Guidewire Software by 9.9% in the 4th quarter. American Century Companies Inc. now owns 999,722 shares of the technology company’s stock valued at $74,239,000 after buying an additional 90,165 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Guidewire Software in the 4th quarter valued at $245,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Guidewire Software by 24.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 217,378 shares of the technology company’s stock valued at $16,142,000 after buying an additional 42,725 shares during the period. Forward Management LLC acquired a new position in shares of Guidewire Software in the 4th quarter valued at $204,000. Finally, Aperio Group LLC grew its holdings in shares of Guidewire Software by 68.7% in the 4th quarter. Aperio Group LLC now owns 8,831 shares of the technology company’s stock valued at $656,000 after buying an additional 3,597 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.

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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