William Blair Reiterates Outperform Rating for Guidewire Software (GWRE)
William Blair reissued their outperform rating on shares of Guidewire Software (NYSE:GWRE) in a report issued on Wednesday. William Blair also issued estimates for Guidewire Software’s Q3 2018 earnings at ($0.25) EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at ($0.01) EPS and FY2019 earnings at $0.42 EPS.
A number of other equities research analysts also recently weighed in on the stock. DA Davidson set a $100.00 price target on shares of Guidewire Software and gave the company a buy rating in a research note on Thursday. KeyCorp restated a buy rating and issued a $91.00 price target on shares of Guidewire Software in a research note on Wednesday. Stifel Nicolaus raised their price target on shares of Guidewire Software from $78.00 to $88.00 and gave the company a hold rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Guidewire Software from a hold rating to a sell rating in a research note on Monday, January 8th. Finally, TheStreet lowered shares of Guidewire Software from a b rating to a c+ rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $83.90.
Shares of Guidewire Software (NYSE GWRE) opened at $87.95 on Wednesday. Guidewire Software has a one year low of $54.74 and a one year high of $92.65. The firm has a market cap of $6,648.45, a P/E ratio of -237.70, a PEG ratio of 169.65 and a beta of 1.08.
In other Guidewire Software news, CEO Marcus Ryu sold 9,435 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $73.60, for a total transaction of $694,416.00. Following the completion of the transaction, the chief executive officer now owns 84,831 shares in the company, valued at approximately $6,243,561.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Hart sold 375 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $82.50, for a total transaction of $30,937.50. Following the transaction, the chief financial officer now owns 3,819 shares of the company’s stock, valued at approximately $315,067.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,826 shares of company stock valued at $7,093,769. 0.69% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC bought a new position in Guidewire Software during the 4th quarter worth approximately $118,000. American International Group Inc. bought a new position in Guidewire Software during the 4th quarter worth approximately $121,000. BNP Paribas Arbitrage SA raised its holdings in Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after purchasing an additional 794 shares during the last quarter. Zions Bancorporation bought a new position in Guidewire Software during the 3rd quarter worth approximately $161,000. Finally, The Manufacturers Life Insurance Company raised its holdings in 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 worth $151,000 after purchasing an additional 150 shares during the last quarter.
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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.
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