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

  • 10/27/2017 – Guidewire Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”
  • 10/24/2017 – Guidewire Software was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $87.00 price target on the stock. According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”
  • 10/20/2017 – Guidewire Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”
  • 10/18/2017 – Guidewire Software was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/17/2017 – Guidewire Software was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”
  • 10/11/2017 – Guidewire Software was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”
  • 10/2/2017 – Guidewire Software had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $85.00 price target on the stock, up previously from $80.00.
  • 9/29/2017 – Guidewire Software had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $86.00 price target on the stock.
  • 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.

Guidewire Software, Inc. (NYSE:GWRE) traded up $2.97 during mid-day trading on Friday, reaching $80.90. The company’s stock had a trading volume of 145,911 shares, compared to its average volume of 490,680. The firm has a market capitalization of $6,031.53, a PE ratio of 191.45 and a beta of 1.23.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.20. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The business had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. equities research analysts forecast that Guidewire Software, Inc. will post 0.32 earnings per share for the current fiscal year.

In other Guidewire Software news, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $75.51, for a total value of $1,887,750.00. Following the transaction, the chief executive officer now owns 139,139 shares of the company’s stock, valued at $10,506,385.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Roza sold 781 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total value of $54,927.73. Following the completion of the transaction, the insider now directly owns 998 shares in the company, valued at approximately $70,189.34. The disclosure for this sale can be found here. In the last three months, insiders sold 114,641 shares of company stock worth $8,884,061. 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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