1 week Ago By ABMN Staff
Needham & Company LLC reissued their hold rating on shares of Guidewire Software ( NYSE:GWRE – Free Report ) in a report issued on Friday morning, Benzinga reports. Several other equities research analysts have also recently issued reports on GWRE. Bank of America lifted their price objective on Guidewire Software from $80.
00 to $95.00 and gave the stock an underperform rating in a report on Wednesday, June 5th. Citigroup raised their price target on shares of Guidewire Software from $109.
00 to $122.00 and gave the stock a neutral rating in a report on Tuesday, June 4th. Royal Bank of Canada raised their price objective on Guidewire Software from $130.
00 to $170.00 and gave the stock an outperform rating in a research report on Thursday, June 27th. Wells Fargo & Company boosted their target price on Guidewire Software from $150.
00 to $175.00 and gave the company an overweight rating in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus boosted their price target on shares of Guidewire Software from $130.
00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock.
According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $158.38.
View Our Latest Report on Guidewire Software Guidewire Software Stock Performance Guidewire Software ( NYSE:GWRE – Get Free Report ) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
54 by $0.08. The firm had revenue of $291.
50 million during the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 1.
11% and a negative return on equity of 1.19%. The firm’s revenue was up 8.
0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share.
As a group, equities analysts forecast that Guidewire Software will post -0.31 earnings per share for the current year. Insider Transactions at Guidewire Software In related news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th.
The shares were sold at an average price of $134.54, for a total value of $751,002.28.
Following the transaction, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.
12, for a total transaction of $187,812.00. Following the sale, the insider now directly owns 139,171 shares in the company, valued at approximately $19,361,469.
52. The sale was disclosed in a document filed with the SEC, which is accessible through this link . Also, CEO Michael George Rosenbaum sold 5,582 shares of the company’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 value of $751,002.28.
Following the completion of the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The disclosure for this sale can be found here .
In the last quarter, insiders sold 13,064 shares of company stock worth $1,782,775. 0.38% of the stock is currently owned by company insiders.
Institutional Trading of Guidewire Software A number of hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Guidewire Software during the 4th quarter valued at $105,311,000.
Norges Bank purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $97,829,000. Whale Rock Capital Management LLC increased its position in shares of Guidewire Software by 23.4% during the first quarter.
Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after acquiring an additional 240,622 shares during the last quarter. Teca Partners LP acquired a new position in shares of Guidewire Software in the second quarter worth about $25,893,000. Finally, Linonia Partnership LP boosted 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 valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. 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. Featured Stories 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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