Guidewire Software (NYSE:GWRE) Raised to “Hold” at StockNews.com

Guidewire Software (NYSE:GWRE) Raised to “Hold” at StockNews.com

Guidewire Software, Inc.  logosStockNews.com upgraded shares of Guidewire Software (NYSE:GWRE – Get Rating) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group started coverage on Guidewire Software in a report on Monday, January 23rd. They issued a buy rating and a $88.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Guidewire Software in a research report on Thursday, December 1st. They issued an overweight rating and a $78.00 price target for the company. DA Davidson decreased their price target on Guidewire Software from $96.00 to $90.00 in a report on Thursday, December 1st. Wells Fargo & Company boosted their target price on Guidewire Software from $55.00 to $60.00 in a report on Tuesday. Finally, Stifel Nicolaus raised their price target on Guidewire Software from $60.00 to $72.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $83.55.

Guidewire Software Stock Up 5.1 %

GWRE stock opened at $75.15 on Tuesday. The stock has a market capitalization of $6.15 billion, a PE ratio of -31.58 and a beta of 1.25. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. Guidewire Software has a 52 week low of $52.08 and a 52 week high of $97.32. The firm has a 50 day moving average of $70.40 and a 200 day moving average of $64.85.

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Guidewire Software (NYSE:GWRE – Get Rating) last announced its earnings results on Tuesday, December 6th. The technology company reported earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.13. Guidewire Software had a negative return on equity of 10.64% and a negative net margin of 23.57%. The firm had revenue of $195.28 million for the quarter, compared to analyst estimates of $190.49 million. Sell-side analysts forecast that Guidewire Software will post -1.51 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, COO Priscilla Hung sold 9,547 shares of Guidewire Software stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total value of $668,290.00. Following the completion of the sale, the chief operating officer now owns 57,915 shares in the company, valued at approximately $4,054,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. In other news, COO Priscilla Hung sold 9,547 shares of Guidewire Software stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $70.00, for a total value of $668,290.00. Following the transaction, the chief operating officer now directly owns 57,915 shares of the company’s stock, valued at approximately $4,054,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,577 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $61.40, for a total transaction of $96,827.80. Following the completion of the transaction, the insider now owns 39,328 shares in the company, valued at approximately $2,414,739.20. The disclosure for this sale can be found here. Insiders have sold 22,255 shares of company stock worth $1,450,282 over the last quarter. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Guidewire Software during the 4th quarter worth approximately $47,584,000. Edmond DE Rothschild Holding SA boosted its stake in shares of Guidewire Software by 287.2% in the fourth quarter. Edmond DE Rothschild Holding SA now owns 927,889 shares of the technology company’s stock valued at $58,049,000 after purchasing an additional 688,264 shares during the period. DF Dent & Co. Inc. boosted its stake in shares of Guidewire Software by 32.2% in the second quarter. DF Dent & Co. Inc. now owns 1,399,871 shares of the technology company’s stock valued at $99,377,000 after purchasing an additional 341,273 shares during the period. Van ECK Associates Corp boosted its stake in shares of Guidewire Software by 15.7% in the third quarter. Van ECK Associates Corp now owns 2,470,897 shares of the technology company’s stock valued at $152,158,000 after purchasing an additional 335,358 shares during the period. Finally, Stephens Investment Management Group LLC grew its stake in shares of Guidewire Software by 64.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 755,542 shares of the technology company’s stock valued at $47,123,000 after acquiring an additional 296,034 shares in the last quarter.

About Guidewire Software

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.

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