Guidewire Software, Inc. (NYSE:GWRE) Given Average Rating of “Hold” by Brokerages

Shares of Guidewire Software, Inc. (NYSE:GWREGet Rating) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $94.56.

Several equities analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Guidewire Software from $100.00 to $85.00 in a research report on Wednesday, June 8th. JMP Securities lowered their target price on shares of Guidewire Software from $110.00 to $95.00 and set a “market outperform” rating on the stock in a research report on Wednesday, September 7th. Robert W. Baird lowered their target price on shares of Guidewire Software from $99.00 to $81.00 and set a “neutral” rating on the stock in a research report on Thursday, September 8th. Royal Bank of Canada lowered their target price on shares of Guidewire Software from $125.00 to $100.00 in a research report on Wednesday, September 7th. Finally, StockNews.com downgraded shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Saturday, June 18th.

Insider Activity at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 2,904 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $62.82, for a total value of $182,429.28. Following the completion of the sale, the chief financial officer now owns 70,528 shares in the company, valued at $4,430,568.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Guidewire Software news, insider James Winston King sold 3,110 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $62.82, for a total transaction of $195,370.20. Following the completion of the transaction, the insider now owns 43,907 shares in the company, valued at $2,758,237.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 2,904 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $182,429.28. Following the transaction, the chief financial officer now owns 70,528 shares of the company’s stock, valued at approximately $4,430,568.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,202 shares of company stock worth $2,588,310. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in Guidewire Software by 26.7% during the 2nd quarter. Captrust Financial Advisors now owns 6,550 shares of the technology company’s stock worth $465,000 after acquiring an additional 1,381 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of Guidewire Software by 91.2% in the 2nd quarter. SRS Capital Advisors Inc. now owns 2,334 shares of the technology company’s stock valued at $166,000 after buying an additional 1,113 shares during the period. Legal & General Group Plc grew its holdings in shares of Guidewire Software by 10.7% in the 2nd quarter. Legal & General Group Plc now owns 291,146 shares of the technology company’s stock valued at $20,669,000 after buying an additional 28,189 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Guidewire Software in the 2nd quarter valued at $1,636,000. Finally, Walleye Capital LLC acquired a new position in shares of Guidewire Software in the 2nd quarter valued at $342,000. Institutional investors own 99.36% of the company’s stock.

Guidewire Software Trading Down 2.3 %

Guidewire Software stock opened at $59.47 on Friday. The company’s fifty day simple moving average is $73.29 and its 200-day simple moving average is $79.49. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.24. Guidewire Software has a 12 month low of $59.43 and a 12 month high of $128.98. The stock has a market cap of $4.98 billion, a P/E ratio of -27.41 and a beta of 1.31.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings results on Tuesday, September 6th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Guidewire Software had a negative net margin of 22.20% and a negative return on equity of 10.02%. The business had revenue of $244.60 million for the quarter, compared to analysts’ expectations of $229.63 million. During the same period in the previous year, the company posted $0.06 EPS. Guidewire Software’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that Guidewire Software will post -1.59 EPS for the current fiscal year.

About Guidewire Software

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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 that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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