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Stock analysts at Stephens started coverage on shares of Guidewire Software (NASDAQ:GWRE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Guidewire Software from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $44.80 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Guidewire Software from $65.00 to $55.00 in a research note on Tuesday, June 3rd. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Guidewire Software from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $43.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Guidewire Software has a consensus rating of “Hold” and an average target price of $52.16.

In other Guidewire Software news, CEO Marcus Ryu sold 35,000 shares of Guidewire Software stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $40.30, for a total transaction of $1,410,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Guidewire Software (NASDAQ:GWRE) traded up 1.10% on Tuesday, hitting $43.37. The stock had a trading volume of 579,547 shares. Guidewire Software has a 1-year low of $33.66 and a 1-year high of $58.00. The stock has a 50-day moving average of $39.44 and a 200-day moving average of $43.19. The company’s market cap is $2.973 billion.

Guidewire Software (NASDAQ:GWRE) last released its earnings data on Monday, June 2nd. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.08. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $78.70 million. During the same quarter last year, the company posted $0.04 earnings per share. Guidewire Software’s revenue was up 20.1% compared to the same quarter last year. On average, analysts predict that Guidewire Software will post $0.55 earnings per share for the current fiscal year.

Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.

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