Guidewire Software Inc (GWRE) Upgraded at TheStreet

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Guidewire Software Inc (NYSE:GWRE) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
A number of other research firms also recently commented on GWRE. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research report on Monday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $68.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, July 11th. Piper Jaffray Cos. initiated coverage on shares of Guidewire Software in a research report on Tuesday, May 31st. They issued an “overweight” rating and a $65.00 target price for the company. Finally, Citigroup Inc. lifted their target price on shares of Guidewire Software from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $73.00.
Guidewire Software (NYSE:GWRE) traded down 2.05% during trading on Wednesday, reaching $62.59. The company had a trading volume of 1,495,651 shares. Guidewire Software has a 12-month low of $42.32 and a 12-month high of $64.78. The firm has a market capitalization of $4.54 billion and a PE ratio of 428.70. The firm’s 50 day moving average price is $61.88 and its 200 day moving average price is $58.05.

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Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. During the same period last year, the firm posted $0.35 EPS. The company earned $141.18 million during the quarter, compared to the consensus estimate of $136.09 million. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts forecast that Guidewire Software will post $0.78 EPS for the current year.
In related news, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction on Friday, July 1st. The shares were sold at an average price of $61.68, for a total transaction of $1,233,600.00. Following the transaction, the chief executive officer now owns 18,838 shares in the company, valued at approximately $1,161,927.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Priscilla Hung sold 968 shares of Guidewire Software stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $64.00, for a total transaction of $61,952.00. Following the transaction, the insider now owns 345 shares in the company, valued at approximately $22,080. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in Guidewire Software by 45.8% in the first quarter. UBS Group AG now owns 21,095 shares of the company’s stock worth $1,150,000 after buying an additional 6,622 shares during the period. State Street Corp boosted its stake in shares of Guidewire Software by 2.7% in the first quarter. State Street Corp now owns 1,273,842 shares of the company’s stock valued at $69,403,000 after buying an additional 33,481 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Guidewire Software by 4.3% in the first quarter. Champlain Investment Partners LLC now owns 1,494,555 shares of the company’s stock valued at $81,423,000 after buying an additional 61,200 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Guidewire Software by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,733,977 shares of the company’s stock valued at $94,467,000 after buying an additional 7,207 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Guidewire Software by 24.2% in the first quarter. BlackRock Group LTD now owns 46,860 shares of the company’s stock valued at $2,552,000 after buying an additional 9,137 shares during the last quarter.
About Guidewire Software
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. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

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