Shares of Guidewire Software, Inc. (NYSE:GWRE – Get 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
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:GWRE – Get 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
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.
- Get a free copy of the StockNews.com research report on Guidewire Software (GWRE)
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