1 week Ago By ABMN Staff
DA Davidson restated their buy rating on shares of Guidewire Software ( NYSE:GWRE – Free Report ) in a report issued on Friday, Benzinga reports. DA Davidson currently has a $168.00 price objective on the technology company’s stock.
GWRE has been the subject of a number of other research reports. Royal Bank of Canada boosted their price target on Guidewire Software from $170.00 to $180.
00 and gave the company an outperform rating in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $146.00 to $170.
00 and gave the company a buy rating in a research report on Monday, July 22nd. Citigroup increased their price target on shares of Guidewire Software from $109.00 to $122.
00 and gave the stock a neutral rating in a research report on Tuesday, June 4th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $152.
00 to $165.00 and gave the company an outperform rating in a research report on Tuesday, September 3rd. Finally, Bank of America raised their target price on Guidewire Software from $80.
00 to $95.00 and gave the company an underperform rating in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock.
According to MarketBeat, Guidewire Software currently has a consensus rating of Moderate Buy and an average target price of $158.38. Read Our Latest Stock Analysis on GWRE Guidewire Software Stock Up 12.
4 % Guidewire Software ( NYSE:GWRE – Get Free Report ) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
54 by $0.08. Guidewire Software had a negative return on equity of 1.
19% and a negative net margin of 1.11%. The business had revenue of $291.
50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the previous year, the company posted $0.
30 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Equities analysts expect that Guidewire Software will post -0.31 EPS for the current year. Insider Transactions at Guidewire Software In related news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 18th.
The shares were sold at an average price of $134.54, for a total transaction of $751,002.28.
Following the sale, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link .
In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $139.
12, for a total transaction of $187,812.00. Following the completion of the sale, the insider now owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.
52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th.
The stock was sold at an average price of $134.54, for a total transaction of $751,002.28.
Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 13,064 shares of company stock worth $1,782,775. Insiders own 0.38% of the company’s stock.
Hedge Funds Weigh In On Guidewire Software A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Guidewire Software by 0.
8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after acquiring an additional 67,439 shares during the period.
Wasatch Advisors LP grew its stake in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the period.
Massachusetts Financial Services Co. MA grew its stake in Guidewire Software by 23.2% during the second quarter.
Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares during the period. Linonia Partnership LP increased its holdings in Guidewire Software by 8.
4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Finally, Whale Rock Capital Management LLC lifted its stake in Guidewire Software by 23.
4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after buying an additional 240,622 shares during the period. Guidewire Software Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.
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