A number of firms have modified their ratings and price targets on shares of Guidewire Software (NYSE: GWRE) recently:

  • 9/7/2017 – Guidewire Software had its price target raised by analysts at Stifel Nicolaus from $70.00 to $75.00. They now have a “hold” rating on the stock.
  • 9/7/2017 – Guidewire Software had its price target raised by analysts at Bank of America Corporation from $74.00 to $76.00. They now have a “neutral” rating on the stock.
  • 9/7/2017 – Guidewire Software had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $85.00 price target on the stock, up previously from $79.00.
  • 8/27/2017 – Guidewire Software had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $80.00 price target on the stock.
  • 8/25/2017 – Guidewire Software had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $75.00 price target on the stock.
  • 8/19/2017 – Guidewire Software was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/14/2017 – Guidewire Software was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 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. “

Shares of Guidewire Software, Inc. (NYSE:GWRE) traded up 0.39% during midday trading on Friday, reaching $80.37. 546,809 shares of the company’s stock traded hands. The stock has a market capitalization of $5.98 billion, a P/E ratio of 586.64 and a beta of 1.24. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $81.46. The firm’s 50-day moving average price is $72.15 and its 200 day moving average price is $64.84.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.67%. The company had revenue of $181.10 million for the quarter, compared to the consensus estimate of $168.61 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, equities analysts predict that Guidewire Software, Inc. will post $1.03 earnings per share for the current fiscal year.

In other Guidewire Software news, CFO Richard Hart sold 375 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $68.37, for a total value of $25,638.75. Following the sale, the chief financial officer now directly owns 3,880 shares of the company’s stock, valued at approximately $265,275.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $75.51, for a total transaction of $1,887,750.00. Following the completion of the sale, the chief executive officer now directly owns 139,139 shares in the company, valued at $10,506,385.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,577 shares of company stock worth $7,486,697. Insiders own 0.96% of the company’s stock.

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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