Guidewire Software, Inc. (NYSE:GWRE)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a note issued to investors on Thursday. They presently have a $85.00 price objective on the technology company’s stock, up from their previous price objective of $79.00. Citigroup Inc.’s target price indicates a potential upside of 6.17% from the stock’s previous close.

A number of other equities research analysts have also commented on GWRE. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Wednesday, July 12th. UBS AG lifted their price objective on shares of Guidewire Software from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. KeyCorp reissued a “buy” rating and set a $75.00 price objective on shares of Guidewire Software in a research note on Friday, August 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $80.00 price objective on shares of Guidewire Software in a research note on Sunday, August 27th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $77.40.

Guidewire Software (NYSE:GWRE) traded up 9.33% on Thursday, hitting $80.06. 2,031,071 shares of the stock traded hands. Guidewire Software has a 12-month low of $49.18 and a 12-month high of $81.07. The stock has a 50-day moving average of $72.15 and a 200-day moving average of $64.84. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 584.38 and a beta of 1.24.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.20. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $168.61 million. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. Analysts forecast that Guidewire Software will post $1.01 earnings per share for the current year.

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In other Guidewire Software news, Director Craig Conway sold 600 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $66.56, for a total transaction of $39,936.00. Following the transaction, the director now directly owns 10,347 shares in the company, valued at approximately $688,696.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Roza sold 780 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $66.56, for a total value of $51,916.80. Following the transaction, the insider now owns 5,740 shares in the company, valued at $382,054.40. The disclosure for this sale can be found here. Insiders sold 105,577 shares of company stock worth $7,486,697 over the last quarter. 0.96% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of GWRE. Israel Discount Bank of New York acquired a new position in shares of Guidewire Software during the first quarter worth approximately $104,000. D.A. Davidson & CO. increased its position in shares of Guidewire Software by 2,270.8% during 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 last quarter. Tower Research Capital LLC TRC increased its position in shares of Guidewire Software by 424.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock valued at $146,000 after purchasing an additional 2,105 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Guidewire Software by 7.3% during 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Guidewire Software by 12.6% during 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 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)

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