Guidewire Software (NYSE:GWRE) had its target price boosted by DA Davidson to $118.00 in a research note issued on Friday, September 21st, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 32.91% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other analysts also recently commented on GWRE. William Blair reiterated an “outperform” rating on shares of Guidewire Software in a report on Wednesday, June 6th. KeyCorp boosted their target price on shares of Guidewire Software from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Piper Jaffray Companies boosted their target price on shares of Guidewire Software to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $88.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, June 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $109.90.

Shares of GWRE stock traded up $1.75 during midday trading on Friday, reaching $88.78. 1,109,566 shares of the company were exchanged, compared to its average volume of 667,123. Guidewire Software has a 12 month low of $70.06 and a 12 month high of $107.79. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 986.44, a price-to-earnings-growth ratio of 49.51 and a beta of 1.19. The company has a current ratio of 5.43, a quick ratio of 5.43 and a debt-to-equity ratio of 0.21.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The company had revenue of $248.60 million for the quarter, compared to the consensus estimate of $238.86 million. During the same period in the previous year, the firm earned $0.59 EPS. Guidewire Software’s revenue was up 37.3% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software will post 0.26 earnings per share for the current year.

In related news, COO Priscilla Hung sold 4,956 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $103.68, for a total transaction of $513,838.08. Following the transaction, the chief operating officer now directly owns 7,498 shares of the company’s stock, valued at $777,392.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Conway sold 400 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $107.10, for a total transaction of $42,840.00. Following the transaction, the director now directly owns 8,993 shares in the company, valued at $963,150.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,630 shares of company stock worth $8,733,135. 0.69% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Partner Fund Management L.P. purchased a new position in Guidewire Software during the second quarter valued at approximately $27,012,000. OppenheimerFunds Inc. grew its position in Guidewire Software by 41.4% during the first quarter. OppenheimerFunds Inc. now owns 737,815 shares of the technology company’s stock valued at $59,637,000 after purchasing an additional 215,908 shares in the last quarter. Royal Bank of Canada grew its position in Guidewire Software by 6.0% during the first quarter. Royal Bank of Canada now owns 47,143 shares of the technology company’s stock valued at $3,812,000 after purchasing an additional 2,670 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Guidewire Software by 6.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 419,050 shares of the technology company’s stock valued at $37,204,000 after purchasing an additional 25,326 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Guidewire Software during the first quarter valued at approximately $7,646,000.

Guidewire Software Company Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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The Fly

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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