Guidewire Software Inc (NYSE:GWRE) has earned a consensus rating of “Buy” from the fifteen research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.67.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. DA Davidson assumed coverage on shares of Guidewire Software in a report on Friday. They issued a “buy” rating and a $92.00 price objective on the stock. BidaskClub downgraded shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, TheStreet downgraded shares of Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday, November 29th.

Guidewire Software (NYSE:GWRE) traded down $0.47 on Friday, hitting $78.00. 399,421 shares of the company were exchanged, compared to its average volume of 425,583. The stock has a market capitalization of $5,913.67, a P/E ratio of 288.89, a price-to-earnings-growth ratio of 89.05 and a beta of 1.13. Guidewire Software has a one year low of $51.95 and a one year high of $83.52.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The business had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS. analysts forecast that Guidewire Software will post 0.06 EPS for the current fiscal year.

In other news, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $79.23, for a total transaction of $47,538.00. Following the sale, the director now owns 8,847 shares in the company, valued at $700,947.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Marcus Ryu sold 25,000 shares of Guidewire Software stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the sale, the chief executive officer now owns 76,178 shares in the company, valued at approximately $5,580,800.28. The disclosure for this sale can be found here. Insiders have sold 98,534 shares of company stock worth $7,378,841 in the last ninety days. Insiders own 0.69% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in shares of Guidewire Software by 2,270.8% during the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after buying an additional 1,476 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after buying an additional 794 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $161,000. The Manufacturers Life Insurance Company raised its position in shares of Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after buying an additional 150 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $200,000.

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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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