According to Zacks, “Guidewire Software Inc. provides core systems to the insurance industry. Its core system suite spans the entire property/casualty insurance lifecycle like underwriting, policy administration, billing, claims, and reinsurance management. Guidewire Software Inc. is headquartered in San Mateo, California. “
Several other analysts have also issued reports on GWRE. JMP Securities reiterated a hold rating on shares of Guidewire Software in a research note on Thursday, September 8th. Deutsche Bank AG reiterated a buy rating on shares of Guidewire Software in a research note on Thursday, September 8th. TheStreet upgraded shares of Guidewire Software from a hold rating to a buy rating in a research note on Wednesday, September 7th. Bank of America Corp. lowered shares of Guidewire Software from a neutral rating to an underperform rating and set a $60.00 target price for the company. in a research note on Friday, September 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $68.00 to $78.00 and gave the stock an overweight rating in a research note on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $69.38.
Guidewire Software (NYSE:GWRE) opened at 58.34 on Tuesday. The company has a market capitalization of $4.26 billion and a price-to-earnings ratio of 291.70. The company’s 50-day moving average is $60.52 and its 200-day moving average is $59.47. Guidewire Software has a 52-week low of $42.32 and a 52-week high of $64.78.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The business had revenue of $141.18 million for the quarter, compared to the consensus estimate of $136.09 million. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, analysts expect that Guidewire Software will post $0.76 earnings per share for the current fiscal year.
In other news, insider Priscilla Hung sold 3,179 shares of the stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $58.42, for a total value of $185,717.18. Following the sale, the insider now directly owns 3,179 shares of the company’s stock, valued at $185,717.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marcus Ryu sold 20,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $61.45, for a total transaction of $1,229,000.00. Following the completion of the sale, the chief executive officer now directly owns 20,000 shares in the company, valued at $1,229,000. The disclosure for this sale can be found here.
Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of Guidewire Software during the second quarter worth about $124,000. Bank of Montreal Can purchased a new stake in shares of Guidewire Software during the second quarter worth about $159,000. Societe Generale purchased a new stake in shares of Guidewire Software during the second quarter worth about $200,000. Murphy Capital Management Inc. purchased a new stake in shares of Guidewire Software during the second quarter worth about $228,000. Finally, Calvert Investment Management Inc. purchased a new stake in shares of Guidewire Software during the second quarter worth about $235,000.
Guidewire Software Company Profile
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. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.
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