Guidewire Software (NYSE:GWRE) Rating Reiterated by Guggenheim

Guidewire Software (NYSE:GWRE)‘s stock had its “buy” rating reaffirmed by research analysts at Guggenheim in a note issued to investors on Friday, Stock Target Advisor reports. They currently have a $130.00 target price on the technology company’s stock. Guggenheim’s price target would indicate a potential upside of 17.36% from the company’s current price.

Several other research firms have also issued reports on GWRE. DA Davidson raised their price target on Guidewire Software to $125.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $122.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday. ValuEngine lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Stifel Nicolaus raised their target price on shares of Guidewire Software from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $113.50.

NYSE GWRE opened at $110.77 on Friday. The company has a 50-day simple moving average of $115.92 and a two-hundred day simple moving average of $105.07. The company has a quick ratio of 5.75, a current ratio of 5.75 and a debt-to-equity ratio of 0.20. Guidewire Software has a 12-month low of $73.82 and a 12-month high of $123.60. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 314.03, a PEG ratio of 50.72 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, December 5th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.33. The firm had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $151.75 million. Guidewire Software had a return on equity of 2.02% and a net margin of 0.03%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. Equities analysts expect that Guidewire Software will post 0.18 earnings per share for the current fiscal year.

In other news, CFO Curtis Smith sold 1,310 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $106.78, for a total transaction of $139,881.80. Following the transaction, the chief financial officer now directly owns 7,503 shares of the company’s stock, valued at $801,170.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew William Fraser Brown sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $107.08, for a total value of $299,824.00. Following the transaction, the director now directly owns 3,137 shares in the company, valued at $335,909.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,709 shares of company stock valued at $9,380,252. Insiders own 0.37% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GWRE. Janney Montgomery Scott LLC raised its holdings in Guidewire Software by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,569 shares of the technology company’s stock worth $798,000 after purchasing an additional 252 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Guidewire Software during the 3rd quarter valued at about $6,003,000. Brown Capital Management LLC increased its position in shares of Guidewire Software by 13.1% during the second quarter. Brown Capital Management LLC now owns 3,730,434 shares of the technology company’s stock valued at $378,191,000 after buying an additional 431,969 shares during the period. Synovus Financial Corp increased its position in shares of Guidewire Software by 8,836.8% during the third quarter. Synovus Financial Corp now owns 5,094 shares of the technology company’s stock valued at $541,000 after buying an additional 5,037 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Guidewire Software by 8.1% in the second quarter. Janus Henderson Group PLC now owns 1,636,460 shares of the technology company’s stock worth $165,904,000 after buying an additional 122,416 shares in the last quarter.

Guidewire Software Company Profile

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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