Guidewire Software (GWRE) Stock Rating Lowered by TheStreet

Guidewire Software (NYSE:GWRE) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Friday.

Several other research firms have also recently commented on GWRE. Guggenheim initiated coverage on Guidewire Software in a research note on Tuesday, August 7th. They issued a “buy” rating and a $115.00 target price for the company. Deutsche Bank lifted their target price on Guidewire Software to $110.00 and gave the company a “buy” rating in a research note on Friday, September 21st. DA Davidson lifted their target price on Guidewire Software to $118.00 and gave the company a “buy” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Zacks Investment Research raised Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, October 9th. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $93.00 to $106.00 and gave the company a “hold” rating in a research note on Friday, September 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.90.

GWRE stock opened at $82.33 on Friday. Guidewire Software has a fifty-two week low of $70.06 and a fifty-two week high of $107.79. The firm has a market cap of $6.78 billion, a P/E ratio of 914.78, a price-to-earnings-growth ratio of 41.21 and a beta of 1.19. The company has a quick ratio of 5.43, a current ratio of 5.43 and a debt-to-equity ratio of 0.21.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. Guidewire Software had a positive return on equity of 1.83% and a negative net margin of 2.97%. The firm had revenue of $248.60 million during the quarter, compared to analysts’ expectations of $238.86 million. During the same period last year, the firm posted $0.59 EPS. The business’s revenue was up 37.3% on a year-over-year basis. As a group, equities research analysts expect that Guidewire Software will post 0.26 EPS for the current fiscal year.

In other news, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $99.93, for a total value of $1,998,600.00. Following the transaction, the chief executive officer now directly owns 20,276 shares in the company, valued at approximately $2,026,180.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig Conway sold 400 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $88.78, for a total value of $35,512.00. Following the completion of the transaction, the director now owns 8,793 shares in the company, valued at $780,642.54. The disclosure for this sale can be found here. Insiders sold a total of 88,630 shares of company stock worth $8,730,535 over the last 90 days. 0.69% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Guidewire Software by 26.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,709 shares of the technology company’s stock worth $240,000 after purchasing an additional 569 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Guidewire Software by 5.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,232 shares of the technology company’s stock worth $1,086,000 after acquiring an additional 630 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in Guidewire Software by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 209,462 shares of the technology company’s stock worth $18,596,000 after acquiring an additional 673 shares in the last quarter. Legal & General Group Plc lifted its holdings in Guidewire Software by 1.9% during the first quarter. Legal & General Group Plc now owns 40,292 shares of the technology company’s stock worth $3,256,000 after acquiring an additional 733 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in Guidewire Software by 4.7% during the second quarter. Whittier Trust Co. now owns 23,141 shares of the technology company’s stock worth $2,054,000 after acquiring an additional 1,034 shares in the last quarter.

About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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