Guidewire Software, Inc. (NYSE:GWRE) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

GWRE has been the subject of several other research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $80.00 target price on shares of Guidewire Software in a research note on Sunday, August 27th. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. TheStreet downgraded shares of Guidewire Software from a “b-” rating to a “c+” rating in a research note on Monday, August 14th. Bank of America Corporation boosted their target price on shares of Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $80.22.

Shares of Guidewire Software (GWRE) opened at 77.39 on Wednesday. The stock has a 50 day moving average of $77.72 and a 200-day moving average of $69.39. The firm has a market capitalization of $5.80 billion, a PE ratio of 276.39 and a beta of 1.22. Guidewire Software has a 12 month low of $49.18 and a 12 month high of $81.46.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The business had revenue of $181.10 million for the quarter, compared to analyst estimates of $168.61 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities research analysts anticipate that Guidewire Software will post $0.98 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/10/20/bidaskclub-downgrades-guidewire-software-inc-gwre-to-buy.html.

In other news, Director Craig Conway sold 600 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $78.51, for a total transaction of $47,106.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Roza sold 781 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $70.33, for a total transaction of $54,927.73. Following the transaction, the insider now directly owns 998 shares of the company’s stock, valued at approximately $70,189.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,870 shares of company stock valued at $8,738,930. Corporate insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. BlackRock Inc. increased its stake in shares of Guidewire Software by 33,371.0% during the 1st quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock valued at $173,006,000 after acquiring an additional 3,062,124 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Guidewire Software during the 2nd quarter valued at about $113,628,000. Harbour Capital Advisors LLC acquired a new position in shares of Guidewire Software during the 2nd quarter valued at about $6,700,000. Wasatch Advisors Inc. acquired a new position in shares of Guidewire Software during the 2nd quarter valued at about $28,037,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Guidewire Software by 49.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 988,047 shares of the technology company’s stock valued at $55,656,000 after acquiring an additional 329,005 shares during the last quarter.

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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

Receive News & Stock Ratings for Guidewire Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc. and related stocks with our FREE daily email newsletter.