JPMorgan Chase & Co. Raises Guidewire Software (NYSE:GWRE) Price Target to $126.00

Guidewire Software (NYSE:GWRE) had its price target boosted by JPMorgan Chase & Co. from $122.00 to $126.00 in a research report report published on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the technology company’s stock.

GWRE has been the topic of a number of other research reports. DA Davidson boosted their target price on Guidewire Software to $125.00 and gave the stock a buy rating in a research note on Friday, September 27th. JMP Securities reiterated a hold rating on shares of Guidewire Software in a research note on Friday, September 6th. ValuEngine downgraded shares of Guidewire Software from a buy rating to a hold rating in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus upped their price objective on shares of Guidewire Software from $100.00 to $105.00 and gave the company a hold rating in a report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $113.50.

Shares of NYSE GWRE opened at $110.77 on Friday. Guidewire Software has a fifty-two week low of $73.82 and a fifty-two week high of $123.60. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 175.83, a PEG ratio of 47.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.75 and a current ratio of 5.75. The firm’s 50-day simple moving average is $115.92 and its 200 day simple moving average is $105.07.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, December 5th. The technology company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.33. Guidewire Software had a return on equity of 2.02% and a net margin of 0.03%. The firm had revenue of $157.00 million during the quarter, compared to analyst estimates of $151.75 million. During the same period in the previous year, the company posted $0.36 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, sell-side analysts predict that Guidewire Software will post 0.18 EPS for the current year.

In other news, insider James Winston King sold 4,188 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $104.09, for a total value of $435,928.92. Following the completion of the transaction, the insider now directly owns 4,306 shares in the company, valued at $448,211.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew William Fraser Brown sold 2,800 shares of the firm’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 transaction of $299,824.00. Following the completion of the transaction, the director now owns 3,137 shares of the company’s stock, valued at $335,909.96. The disclosure for this sale can be found here. Insiders have sold a total of 87,709 shares of company stock worth $9,380,252 in the last three months. Insiders own 0.37% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Brasada Capital Management LP raised its stake in shares of Guidewire Software by 1.8% during the third quarter. Brasada Capital Management LP now owns 5,080 shares of the technology company’s stock worth $535,000 after acquiring an additional 90 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Guidewire Software by 1.0% in the 2nd quarter. Aperio Group LLC now owns 12,093 shares of the technology company’s stock valued at $1,226,000 after acquiring an additional 115 shares during the last quarter. CWM LLC boosted its holdings in Guidewire Software by 88.1% during the 3rd quarter. CWM LLC now owns 333 shares of the technology company’s stock valued at $35,000 after acquiring an additional 156 shares during the period. Keybank National Association OH boosted its holdings in Guidewire Software by 5.6% during the 3rd quarter. Keybank National Association OH now owns 3,208 shares of the technology company’s stock valued at $338,000 after acquiring an additional 171 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Guidewire Software by 2.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,317 shares of the technology company’s stock valued at $742,000 after acquiring an additional 199 shares during the period.

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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