Goldman Sachs Group Inc. assumed coverage on shares of Guidewire Software Inc (NYSE:GWRE) in a research report report published on Tuesday morning. The brokerage issued a neutral rating and a $57.00 target price on the stock. The analysts noted that the move was a valuation call.

A number of other research firms have also recently commented on GWRE. Bank of America Corp. cut shares of Guidewire Software from a neutral rating to an underperform rating and set a $60.00 price target on the stock. in a report on Friday, September 16th. They noted that the move was a valuation call. JMP Securities reaffirmed a hold rating on shares of Guidewire Software in a report on Thursday, September 8th. Zacks Investment Research raised shares of Guidewire Software from a hold rating to a buy rating and set a $71.00 price target on the stock in a report on Monday, July 11th. Deutsche Bank AG reaffirmed a buy rating on shares of Guidewire Software in a report on Thursday, September 8th. Finally, TheStreet raised shares of Guidewire Software from a hold rating to a buy rating in a report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $69.38.

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

Shares of Guidewire Software (NYSE:GWRE) traded down 0.58% during midday trading on Tuesday, hitting $60.03. The company’s stock had a trading volume of 81,455 shares. Guidewire Software has a 52-week low of $42.32 and a 52-week high of $64.78. The stock’s 50 day moving average is $61.13 and its 200-day moving average is $59.26. The firm has a market cap of $4.39 billion and a P/E ratio of 300.15.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $141.18 million for the quarter, compared to the consensus estimate of $136.09 million. During the same period in the prior year, the business earned $0.35 EPS. Guidewire Software’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that Guidewire Software will post $0.76 EPS for the current fiscal year.

In other Guidewire Software news, insider Scott Roza sold 781 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $63.30, for a total transaction of $49,437.30. Following the completion of the sale, the insider now directly owns 982 shares in the company, valued at $62,160.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard Hart sold 5,526 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $63.04, for a total transaction of $348,359.04. Following the sale, the chief financial officer now owns 3,567 shares of the company’s stock, valued at $224,863.68. The disclosure for this sale can be found here.

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Guidewire Software by 44.0% in the first quarter. Wellington Management Group LLP now owns 4,266,255 shares of the company’s stock valued at $232,425,000 after buying an additional 1,304,174 shares during the last quarter. Brown Capital Management LLC raised its stake in Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock valued at $154,756,000 after buying an additional 340,121 shares during the last quarter. Fiera Capital Corp acquired a new stake in Guidewire Software during the second quarter valued at about $19,645,000. Artisan Partners Limited Partnership raised its stake in Guidewire Software by 5.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,099,484 shares of the company’s stock valued at $314,944,000 after buying an additional 267,520 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Guidewire Software by 3.9% in the second quarter. William Blair Investment Management LLC now owns 5,136,907 shares of the company’s stock valued at $317,255,000 after buying an additional 192,866 shares during the period.

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.

5 Day Chart for NYSE:GWRE

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