1 week Ago By ABMN Staff
Guidewire Software ( NYSE:GWRE – Free Report ) had its target price raised by Oppenheimer from $170.00 to $185.00 in a research report released on Friday morning, Benzinga reports.
They currently have an outperform rating on the technology company’s stock. Other analysts have also recently issued reports about the company. Bank of America upped their price target on Guidewire Software from $80.
00 to $95.00 and gave the company an underperform rating in a research note on Wednesday, June 5th. Citigroup upped their target price on shares of Guidewire Software from $109.
00 to $122.00 and gave the company a neutral rating in a research note on Tuesday, June 4th. DA Davidson lifted their price target on shares of Guidewire Software from $142.
00 to $168.00 and gave the stock a buy rating in a research report on Thursday, August 29th. JPMorgan Chase & Co.
upped their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the company an overweight rating in a research report on Wednesday, June 5th.
Finally, Wells Fargo & Company lifted their target price on Guidewire Software from $150.00 to $175.00 and gave the stock an overweight rating in a report on Wednesday, August 21st.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $158.
38. View Our Latest Stock Report on Guidewire Software Guidewire Software Trading Up 12.4 % Guidewire Software ( NYSE:GWRE – Get Free Report ) last announced its quarterly earnings data on Thursday, September 5th.
The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.
08. The firm had revenue of $291.50 million for 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 business’s revenue for the quarter was up 8.0% on a year-over-year basis.
During the same period last year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that Guidewire Software will post -0.
31 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 20th.
The shares were sold at an average price of $149.03, for a total value of $201,190.50.
Following the sale, the insider now directly owns 137,821 shares in the company, valued at $20,539,463.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
In related news, CFO Jeffrey Elliott Cooper sold 3,017 shares of Guidewire Software stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.
18. Following the sale, the chief financial officer now owns 63,479 shares of the company’s stock, valued at $8,540,464.66.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Tuesday, August 20th.
The stock was sold at an average price of $149.03, for a total value of $201,190.50.
Following the sale, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. The disclosure for this sale can be found here .
Insiders sold a total of 13,064 shares of company stock valued at $1,782,775 in the last quarter. 0.38% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Guidewire Software Institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp grew its stake in shares of Guidewire Software by 10.9% in the fourth quarter.
Truist Financial Corp now owns 7,215 shares of the technology company’s stock valued at $787,000 after buying an additional 709 shares in the last quarter. Amalgamated Bank increased its stake in shares of Guidewire Software by 34.4% during the 4th quarter.
Amalgamated Bank now owns 17,151 shares of the technology company’s stock worth $1,870,000 after purchasing an additional 4,390 shares during the last quarter. Benjamin F. Edwards & Company Inc.
bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $134,000. Charles Schwab Investment Management Inc. lifted its stake in Guidewire Software by 1.
2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 513,104 shares of the technology company’s stock valued at $55,949,000 after purchasing an additional 5,949 shares during the last quarter.
Finally, AGF Management Ltd. bought a new position in Guidewire Software during the fourth quarter worth about $3,189,000. 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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