Guidewire Software, Inc. (NYSE:GWRE)‘s stock had its “buy” rating reiterated by equities research analysts at Piper Jaffray Companies in a research note issued to investors on Sunday. They presently have a $80.00 target price on the technology company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 8.31% from the stock’s previous close.

A number of other research analysts have also issued reports on GWRE. Bank of America Corporation upgraded shares of Guidewire Software from an “underperform” rating to a “neutral” rating and set a $68.00 target price on the stock in a research report on Monday, May 15th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 2nd. UBS AG increased their target price on shares of Guidewire Software from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, June 2nd. ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC upgraded shares of Guidewire Software from a “neutral” rating to an “overweight” rating in a research report on Tuesday, June 13th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.78.

Guidewire Software (GWRE) opened at 73.86 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of 539.12 and a beta of 1.27. Guidewire Software has a one year low of $49.18 and a one year high of $73.93. The company has a 50-day moving average price of $70.96 and a 200-day moving average price of $63.58.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.19. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The firm had revenue of $123.44 million for the quarter, compared to analyst estimates of $104.55 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 24.9% compared to the same quarter last year. On average, analysts anticipate that Guidewire Software will post $0.85 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.watchlistnews.com/guidewire-software-inc-gwre-stock-rating-reaffirmed-by-piper-jaffray-companies/1528617.html.

In related news, Director Clifton Thomas Weatherford sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $70.05, for a total value of $350,250.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $1,471,400.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Roza sold 780 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $66.56, for a total transaction of $51,916.80. Following the completion of the transaction, the insider now directly owns 5,740 shares of the company’s stock, valued at approximately $382,054.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,578 shares of company stock worth $7,282,655 in the last quarter. 0.96% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas increased its position in shares of Guidewire Software by 1.1% in the second quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock valued at $406,000 after buying an additional 63 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Guidewire Software by 1.0% in the second quarter. Pacer Advisors Inc. now owns 8,178 shares of the technology company’s stock valued at $562,000 after buying an additional 78 shares during the last quarter. Utah Retirement Systems increased its position in shares of Guidewire Software by 0.8% in the first quarter. Utah Retirement Systems now owns 13,200 shares of the technology company’s stock valued at $743,000 after buying an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after buying an additional 150 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Guidewire Software by 5.3% in the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock valued at $369,000 after buying an additional 269 shares during the last quarter.

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)

Receive News & Ratings for Guidewire Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.