Guidewire Software’s (GWRE) “Buy” Rating Reiterated at Deutsche Bank AG
Guidewire Software Inc (NYSE:GWRE)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank AG in a research note issued to investors on Wednesday.
GWRE has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. JMP Securities reissued a “hold” rating on shares of Guidewire Software in a research report on Monday. TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th. Bank of America Corp. lowered shares of Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a research report on Friday, September 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Guidewire Software has an average rating of “Buy” and a consensus price target of $69.38.
Shares of Guidewire Software (NYSE:GWRE) traded down 2.73% during mid-day trading on Wednesday, hitting $55.98. 1,213,334 shares of the stock traded hands. The company’s 50 day moving average is $57.79 and its 200 day moving average is $60.02. The firm has a market capitalization of $4.09 billion and a P/E ratio of 279.90. Guidewire Software has a one year low of $42.32 and a one year high of $64.78.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Tuesday, November 29th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The firm earned $94.10 million during the quarter. Guidewire Software’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. On average, equities analysts expect that Guidewire Software will post $0.76 EPS for the current fiscal year.
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In other Guidewire Software news, insider Priscilla Hung sold 970 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $61.52, for a total value of $59,674.40. Following the transaction, the insider now directly owns 345 shares of the company’s stock, valued at approximately $21,224.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Roza sold 781 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $56.16, for a total transaction of $43,860.96. Following the completion of the transaction, the insider now directly owns 982 shares in the company, valued at $55,149.12. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in GWRE. Pacer Advisors Inc. bought a new stake in Guidewire Software during the second quarter worth $124,000. The Manufacturers Life Insurance Company bought a new stake in Guidewire Software during the third quarter worth $123,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Guidewire Software by 14.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,253 shares of the company’s stock worth $135,000 after buying an additional 282 shares during the last quarter. Bank of Montreal Can bought a new stake in Guidewire Software during the second quarter worth $159,000. Finally, Societe Generale bought a new stake in Guidewire Software during the second quarter worth $200,000.
About Guidewire Software
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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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