Deutsche Bank AG reaffirmed their buy rating on shares of Guidewire Software, Inc. (NYSE:GWRE) in a research report released on Monday, October 2nd. The brokerage currently has a $85.00 price objective on the technology company’s stock, up from their prior price objective of $80.00.

Several other brokerages have also recently issued reports on GWRE. Citigroup Inc. reiterated a buy rating and set a $85.00 target price (up from $79.00) on shares of Guidewire Software in a report on Thursday, September 7th. TheStreet raised shares of Guidewire Software from a c+ rating to a b rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Guidewire Software from a hold rating to a strong-buy rating and set a $92.00 price target for the company in a research report on Tuesday, September 12th. KeyCorp reissued a buy rating and set a $86.00 price target on shares of Guidewire Software in a research report on Friday, September 29th. Finally, Stifel Nicolaus increased their price target on shares of Guidewire Software from $70.00 to $75.00 and gave the company a hold rating in a research report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $80.67.

Shares of Guidewire Software (NYSE:GWRE) traded down 1.68% during midday trading on Monday, reaching $78.30. 441,684 shares of the company’s stock were exchanged. Guidewire Software has a 12-month low of $49.18 and a 12-month high of $81.46. The stock has a market capitalization of $5.87 billion, a P/E ratio of 279.64 and a beta of 1.22. The firm has a 50-day moving average of $77.34 and a 200-day moving average of $68.79.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $168.61 million. During the same period in the prior year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. Analysts anticipate that Guidewire Software will post $0.98 EPS for the current fiscal year.

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In other news, CEO Marcus Ryu sold 25,000 shares of Guidewire Software stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $78.56, for a total transaction of $1,964,000.00. Following the transaction, the chief executive officer now owns 149,678 shares in the company, valued at approximately $11,758,703.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction on Monday, August 7th. The stock was sold at an average price of $70.94, for a total value of $26,602.50. Following the transaction, the chief financial officer now owns 3,880 shares in the company, valued at approximately $275,247.20. The disclosure for this sale can be found here. Insiders have sold a total of 114,870 shares of company stock worth $8,727,708 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GWRE. D.A. Davidson & CO. raised its holdings in Guidewire Software by 2,270.8% in the 2nd 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 period. Tower Research Capital LLC TRC grew its position in Guidewire Software by 424.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock valued at $146,000 after acquiring an additional 2,105 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after acquiring an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Guidewire Software by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after acquiring an additional 283 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Guidewire Software in the 2nd quarter valued at about $214,000.

Guidewire Software Company Profile

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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