DA Davidson Analysts Give Guidewire Software (GWRE) a $118.00 Price Target

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DA Davidson set a $118.00 price target on Guidewire Software (NYSE:GWRE) in a report released on Wednesday. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Guidewire Software from a buy rating to a strong-buy rating in a research report on Saturday, December 1st. Zacks Investment Research restated a hold rating on shares of Guidewire Software in a research report on Tuesday, November 13th. TheStreet lowered shares of Guidewire Software from a b- rating to a c+ rating in a research report on Friday, October 26th. Deutsche Bank lowered shares of Guidewire Software from a buy rating to a hold rating and decreased their target price for the stock from $110.00 to $105.00 in a research report on Monday, October 8th. Finally, Bank of America boosted their target price on shares of Guidewire Software from $98.00 to $112.00 and gave the stock a neutral rating in a research report on Friday, September 21st. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $109.60.

Shares of GWRE opened at $85.01 on Wednesday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 944.56, a PEG ratio of 34.74 and a beta of 1.29. Guidewire Software has a 1 year low of $72.04 and a 1 year high of $107.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.43 and a current ratio of 5.43.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, December 4th. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.18. The company had revenue of $179.70 million for the quarter, compared to analyst estimates of $162.24 million. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.38%. The business’s revenue was up 66.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. As a group, equities research analysts expect that Guidewire Software will post 0.31 EPS for the current year.

In related news, Director Craig Conway sold 400 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $107.10, for a total value of $42,840.00. Following the sale, the director now directly owns 8,993 shares in the company, valued at approximately $963,150.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven P. Sherry sold 5,446 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $103.82, for a total transaction of $565,403.72. Following the completion of the sale, the insider now owns 6,868 shares in the company, valued at $713,035.76. The disclosure for this sale can be found here. Insiders have sold a total of 88,359 shares of company stock worth $8,598,456 over the last 90 days. Insiders own 0.69% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. B & T Capital Management DBA Alpha Capital Management boosted its position in shares of Guidewire Software by 3.7% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 16,079 shares of the technology company’s stock worth $1,624,000 after buying an additional 572 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Guidewire Software by 5.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,232 shares of the technology company’s stock worth $1,086,000 after buying an additional 630 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Guidewire Software by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 41,037 shares of the technology company’s stock worth $3,643,000 after buying an additional 745 shares in the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of Guidewire Software by 33.3% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the technology company’s stock worth $404,000 after buying an additional 1,000 shares in the last quarter. Finally, Night Owl Capital Management LLC boosted its position in shares of Guidewire Software by 2.0% in the 3rd quarter. Night Owl Capital Management LLC now owns 51,396 shares of the technology company’s stock worth $5,192,000 after buying an additional 1,001 shares in the last quarter.

About Guidewire Software

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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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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