Guidewire Software, Inc. (NYSE:GWRE) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Monday.
A number of other equities research analysts have also recently commented on the company. BidaskClub cut Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. ValuEngine raised Guidewire Software from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. J P Morgan Chase & Co began coverage on Guidewire Software in a research note on Tuesday, June 13th. They issued an “overweight” rating on the stock. Finally, Jefferies Group LLC raised Guidewire Software from a “neutral” rating to an “overweight” rating in a research note on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $75.25.
Guidewire Software (GWRE) opened at 69.82 on Monday. The firm’s 50-day moving average price is $70.42 and its 200 day moving average price is $62.67. The company has a market capitalization of $5.19 billion, a PE ratio of 509.64 and a beta of 1.27. Guidewire Software has a 52 week low of $49.18 and a 52 week high of $73.36.
Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, June 1st. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. Guidewire Software had a return on equity of 1.97% and a net margin of 2.19%. The firm had revenue of $123.44 million for the quarter, compared to analysts’ expectations of $104.55 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Equities research analysts expect that Guidewire Software will post $0.85 earnings per share for the current fiscal year.
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In other Guidewire Software news, CEO Marcus Ryu sold 25,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $72.34, for a total value of $1,808,500.00. Following the transaction, the chief executive officer now owns 164,139 shares of the company’s stock, valued at $11,873,815.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ali Kheirolomoom sold 9,562 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $65.00, for a total value of $621,530.00. Following the completion of the transaction, the insider now directly owns 5,585 shares in the company, valued at approximately $363,025. The disclosure for this sale can be found here. Insiders have sold 113,759 shares of company stock worth $7,807,059 over the last ninety days. 0.96% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Schwab Charles Investment Management Inc. increased its position in Guidewire Software by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 279,346 shares of the technology company’s stock worth $15,736,000 after buying an additional 12,434 shares in the last quarter. Brown Capital Management LLC increased its position in Guidewire Software by 3.1% in the first quarter. Brown Capital Management LLC now owns 4,246,662 shares of the technology company’s stock worth $239,214,000 after buying an additional 126,719 shares in the last quarter. BlackRock Inc. increased its position in Guidewire Software by 33,371.0% in the first quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock worth $173,006,000 after buying an additional 3,062,124 shares in the last quarter. Pacer Advisors Inc. increased its position in Guidewire Software by 9.5% in the first quarter. Pacer Advisors Inc. now owns 8,100 shares of the technology company’s stock worth $456,000 after buying an additional 703 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Guidewire Software by 1,389.7% in the first quarter. Bank of Montreal Can now owns 58,618 shares of the technology company’s stock worth $3,302,000 after buying an additional 54,683 shares in the last quarter.
About Guidewire Software
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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