TheStreet lowered shares of Guidewire Software (NYSE:GWRE) from a b rating to a c+ rating in a research report released on Wednesday.

GWRE has been the subject of a number of other reports. BidaskClub upgraded shares of Guidewire Software from a buy rating to a strong-buy rating in a research note on Saturday, August 19th. Piper Jaffray Companies reiterated a buy rating and set a $80.00 target price on shares of Guidewire Software in a research note on Sunday, August 27th. Zacks Investment Research lowered shares of Guidewire Software from a strong-buy rating to a hold rating in a research note on Wednesday, October 11th. Deutsche Bank reiterated a buy rating and set a $85.00 target price (up from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. Finally, Bank of America 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. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $80.11.

Guidewire Software (GWRE) opened at $73.15 on Wednesday. Guidewire Software has a 1-year low of $49.18 and a 1-year high of $83.52. The firm has a market cap of $5,510.00, a P/E ratio of 185.98, a P/E/G ratio of 23.56 and a beta of 1.23.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.42% and a net margin of 3.82%. The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Guidewire Software’s revenue was up 15.0% on a year-over-year basis. analysts forecast that Guidewire Software will post 0.2 EPS for the current year.

In other news, CFO Richard Hart sold 375 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $75.57, for a total transaction of $28,338.75. Following the completion of the sale, the chief financial officer now owns 3,819 shares of the company’s stock, valued at approximately $288,601.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Roza sold 782 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $78.20, for a total transaction of $61,152.40. Following the sale, the insider now directly owns 7,127 shares of the company’s stock, valued at approximately $557,331.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,621 shares of company stock valued at $6,933,274. Insiders own 0.69% of the company’s stock.

Several hedge funds have recently modified their holdings of GWRE. D.A. Davidson & CO. grew its position in shares of Guidewire Software by 2,270.8% during the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,476 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after acquiring an additional 150 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after acquiring an additional 794 shares during the period. Zions Bancorporation bought a new stake in shares of Guidewire Software during the 3rd quarter valued at $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Guidewire Software by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after acquiring an additional 283 shares during the period.

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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.

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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