Guidewire Software (NYSE:GWRE) Receives “Buy” Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of Guidewire Software (NYSE:GWRE) in a report published on Wednesday,Benzinga reports. DA Davidson currently has a $210.00 price target on the technology company’s stock.

A number of other brokerages also recently commented on GWRE. JMP Securities raised their target price on shares of Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Finally, Oppenheimer raised their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.31.

Guidewire Software Stock Up 1.4 %

Shares of GWRE opened at $207.07 on Wednesday. The firm has a market cap of $17.29 billion, a PE ratio of -2,588.05, a price-to-earnings-growth ratio of 51.96 and a beta of 1.18. The company’s fifty day moving average is $190.39 and its two-hundred day moving average is $159.53. Guidewire Software has a fifty-two week low of $95.02 and a fifty-two week high of $208.56.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter last year, the business earned $0.30 EPS. Guidewire Software’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Guidewire Software will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 4,956 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.70, for a total transaction of $855,901.20. Following the completion of the transaction, the chief financial officer now directly owns 78,411 shares of the company’s stock, valued at $13,541,579.70. The trade was a 5.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,116,179 in the last ninety days. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently made changes to their positions in GWRE. Rothschild Investment LLC bought a new stake in shares of Guidewire Software during the 2nd quarter worth about $31,000. Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software during the 3rd quarter worth about $33,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software during the 2nd quarter worth about $41,000. Finally, Brooklyn Investment Group bought a new stake in shares of Guidewire Software during the 3rd quarter worth about $42,000.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.