Guidewire Software Inc (NYSE:GWRE) has been given a consensus recommendation of “Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $80.67.
GWRE has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Guidewire Software in a research note on Friday, February 2nd. They set a “buy” rating and a $92.00 price target on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a research note on Thursday, November 30th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. TheStreet downgraded shares of Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd.
Guidewire Software (NYSE:GWRE) traded up $1.42 during trading hours on Wednesday, reaching $82.60. 268,139 shares of the company’s stock were exchanged, compared to its average volume of 475,335. The stock has a market capitalization of $6,117.90, a P/E ratio of 305.93, a P/E/G ratio of 137.89 and a beta of 1.13. Guidewire Software has a 12 month low of $54.34 and a 12 month high of $83.52.
In related news, Director Craig Conway sold 600 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $80.17, for a total transaction of $48,102.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Hart sold 1,114 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $72.80, for a total transaction of $81,099.20. Following the sale, the chief financial officer now directly owns 4,776 shares of the company’s stock, valued at $347,692.80. The disclosure for this sale can be found here. In the last three months, insiders sold 98,909 shares of company stock worth $7,407,998. Insiders own 0.69% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC acquired a new stake in Guidewire Software during the 4th quarter valued at $118,000. American International Group Inc. acquired a new stake in Guidewire Software during the 4th quarter valued at $121,000. BNP Paribas Arbitrage SA grew its holdings in Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares in the last quarter. Zions Bancorporation acquired a new stake in Guidewire Software during the 3rd quarter valued at $161,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares in the last quarter.
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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.
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