Guidewire Software Inc (NYSE:GWRE) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities research analysts have also recently weighed in on GWRE. Deutsche Bank AG reissued a “buy” rating on shares of Guidewire Software in a research note on Monday, August 1st. Zacks Investment Research cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $68.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. JMP Securities reissued a “hold” rating on shares of Guidewire Software in a research note on Thursday, September 8th. Finally, Bank of America Corp. cut Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a research note on Friday, September 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Guidewire Software has a consensus rating of “Hold” and an average target price of $69.38.

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

Guidewire Software (NYSE:GWRE) opened at 55.71 on Tuesday. The stock has a market cap of $4.07 billion and a PE ratio of 278.55. Guidewire Software has a 1-year low of $42.32 and a 1-year high of $64.78. The stock has a 50 day moving average price of $57.72 and a 200-day moving average price of $60.03.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, November 29th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The company had revenue of $94.10 million for the quarter. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Guidewire Software’s revenue was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Guidewire Software will post $0.76 EPS for the current year.

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In related news, General Counsel James Winston King sold 564 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $61.45, for a total value of $34,657.80. Following the completion of the sale, the general counsel now owns 104 shares in the company, valued at $6,390.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Roza sold 782 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $61.04, for a total value of $47,733.28. Following the completion of the sale, the insider now owns 3,144 shares of the company’s stock, valued at approximately $191,909.76. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new stake in Guidewire Software during the third quarter worth $123,000. Pacer Advisors Inc. bought a new stake in Guidewire Software during the second quarter worth $124,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 in 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.

5 Day Chart for NYSE:GWRE

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