Several brokerages have updated their recommendations and price targets on shares of Guidewire Software (NYSE: GWRE) in the last few weeks:

  • 8/11/2017 – Guidewire Software was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/3/2017 – Guidewire Software was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/3/2017 – Guidewire Software was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/2/2017 – Guidewire Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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 Insurance Platform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers. It’s core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. The Company’s data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. “
  • 7/12/2017 – Guidewire Software was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock. According to Zacks, “Guidewire Software, Inc., incorporated on September 20, 2001, 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 Insurance Platform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers. It’s core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. The Company’s data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. “

Guidewire Software, Inc. (NYSE GWRE) traded up 2.21% during trading on Monday, hitting $70.37. The stock had a trading volume of 436,084 shares. Guidewire Software, Inc. has a 52-week low of $49.18 and a 52-week high of $73.36. The stock’s 50-day moving average is $70.38 and its 200-day moving average is $62.28. The stock has a market capitalization of $5.23 billion, a PE ratio of 513.65 and a beta of 1.27.

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

In other Guidewire Software news, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $66.86, for a total value of $1,337,200.00. Following the sale, the chief executive officer now owns 201,775 shares in the company, valued at $13,490,676.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction on Monday, August 7th. The shares were sold at an average price of $70.94, for a total value of $26,602.50. Following the completion of the sale, the chief financial officer now owns 3,880 shares in the company, valued at approximately $275,247.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,551 shares of company stock worth $7,981,700. 0.96% of the stock is currently owned by company insiders.

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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