Guidewire Software (NYSE: GWRE) has recently received a number of price target changes and ratings updates:

  • 9/12/2017 – Guidewire Software was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $92.00 price target on the stock. 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. “
  • 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.
  • 9/6/2017 – Guidewire Software was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 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. “

Shares of Guidewire Software, Inc. (NYSE:GWRE) opened at 77.16 on Friday. The company has a market cap of $5.77 billion, a PE ratio of 275.57 and a beta of 1.24. The company has a 50 day moving average of $73.70 and a 200-day moving average of $66.23. Guidewire Software, Inc. has a 12-month low of $49.18 and a 12-month high of $81.46.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results 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 firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software, Inc. will post $1.03 earnings per share for the current year.

In related news, insider Scott Roza sold 782 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $70.39, for a total transaction of $55,044.98. Following the transaction, the insider now owns 1,383 shares in the company, valued at $97,349.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel James Winston King sold 1,374 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $77.79, for a total transaction of $106,883.46. Following the transaction, the general counsel now owns 3,549 shares in the company, valued at approximately $276,076.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,791 shares of company stock worth $7,437,170. Corporate 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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