Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) has been given a consensus rating of “Buy” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $115.11.
A number of research analysts have recently weighed in on GWRE shares. Robert W. Baird raised their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Raymond James started coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Finally, Oppenheimer raised their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd.
Read Our Latest Stock Analysis on Guidewire Software
Insider Buying and Selling
Hedge Funds Weigh In On Guidewire Software
A number of hedge funds have recently made changes to their positions in GWRE. Banque Cantonale Vaudoise acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $25,000. RiverPark Advisors LLC acquired a new position in shares of Guidewire Software in the 4th quarter valued at $27,000. Transcendent Capital Group LLC purchased a new position in shares of Guidewire Software in the 4th quarter valued at $27,000. CENTRAL TRUST Co purchased a new position in shares of Guidewire Software in the 3rd quarter valued at $29,000. Finally, Castleview Partners LLC purchased a new position in shares of Guidewire Software in the 3rd quarter valued at $40,000.
Guidewire Software Trading Up 1.4 %
Shares of Guidewire Software stock opened at $113.57 on Friday. Guidewire Software has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.35 billion, a PE ratio of -183.17 and a beta of 1.15. The company has a 50-day moving average of $114.88 and a two-hundred day moving average of $106.50.
Guidewire Software (NYSE:GWRE – Get Free Report) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. On average, research analysts anticipate that Guidewire Software will post -0.42 EPS for the current fiscal year.
Guidewire Software Company Profile
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.
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