Guidewire Software, Inc. (NYSE:GWRE) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co assumed coverage on Guidewire Software in a research report on Tuesday, June 13th. They set an “overweight” rating for the company. Jefferies Group LLC upgraded Guidewire Software from a “neutral” rating to an “overweight” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies upgraded Guidewire Software from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $75.00 in a research report on Tuesday, June 13th. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $74.00 target price (up from $68.00) on shares of Guidewire Software in a research report on Saturday, June 3rd. Five analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $75.25.

Shares of Guidewire Software (NYSE:GWRE) traded down 0.42% on Thursday, reaching $70.99. 177,171 shares of the company’s stock were exchanged. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 518.18 and a beta of 1.27. The company’s 50 day moving average is $69.78 and its 200-day moving average is $61.47. Guidewire Software has a one year low of $49.18 and a one year high of $73.36.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, June 1st. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.19. Guidewire Software had a return on equity of 1.97% and a net margin of 2.19%. The business had revenue of $123.44 million during the quarter, compared to the consensus estimate of $104.55 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, analysts anticipate that Guidewire Software will post $0.85 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/06/guidewire-software-inc-nysegwre-stock-rating-upgraded-by-bidaskclub.html.

In other news, Director Craig Conway sold 600 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $61.78, for a total transaction of $37,068.00. Following the transaction, the director now owns 10,647 shares in the company, valued at $657,771.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard Hart sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $63.04, for a total value of $189,120.00. Following the transaction, the chief financial officer now owns 4,717 shares in the company, valued at approximately $297,359.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,755 shares of company stock worth $7,988,647. Insiders own 0.96% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in Guidewire Software by 51.4% in the first quarter. Wellington Management Group LLP now owns 6,377,813 shares of the technology company’s stock valued at $359,261,000 after buying an additional 2,165,143 shares during the period. Vanguard Group Inc. raised its position in Guidewire Software by 4.8% in the first quarter. Vanguard Group Inc. now owns 5,693,314 shares of the technology company’s stock valued at $320,705,000 after buying an additional 261,105 shares during the period. William Blair Investment Management LLC raised its position in Guidewire Software by 5.8% in the first quarter. William Blair Investment Management LLC now owns 4,389,763 shares of the technology company’s stock valued at $247,275,000 after buying an additional 240,337 shares during the period. Brown Capital Management LLC raised its position in Guidewire Software by 3.1% in the first quarter. Brown Capital Management LLC now owns 4,246,662 shares of the technology company’s stock valued at $239,214,000 after buying an additional 126,719 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Guidewire Software by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 3,875,527 shares of the technology company’s stock valued at $218,307,000 after buying an additional 148,196 shares during the period.

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.