Guidewire Software (NYSE:GWRE) Stock Rating Lowered by ValuEngine

Guidewire Software (NYSE:GWRE) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, June 6th, ValuEngine reports.

GWRE has been the topic of a number of other research reports. Piper Jaffray Companies boosted their price objective on shares of Guidewire Software from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Zacks Investment Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $107.40.

GWRE traded down $0.20 on Thursday, hitting $101.18. The company’s stock had a trading volume of 435,345 shares, compared to its average volume of 767,734. The stock’s 50 day simple moving average is $101.41. The company has a current ratio of 6.38, a quick ratio of 6.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 1,124.22, a P/E/G ratio of 22.43 and a beta of 1.19. Guidewire Software has a 12 month low of $73.82 and a 12 month high of $109.06.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The firm had revenue of $162.90 million for the quarter, compared to analysts’ expectations of $155.23 million. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. Research analysts anticipate that Guidewire Software will post 0.48 EPS for the current year.

In other Guidewire Software news, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $96.54, for a total value of $1,930,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,404 shares in the company, valued at $2,162,882.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Curtis Smith sold 703 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $99.49, for a total transaction of $69,941.47. Following the completion of the transaction, the chief financial officer now owns 5,511 shares of the company’s stock, valued at $548,289.39. The disclosure for this sale can be found here. Insiders sold 58,702 shares of company stock valued at $5,908,948 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Guidewire Software during the fourth quarter worth $114,000. Boston Family Office LLC lifted its position in Guidewire Software by 27.0% during the fourth quarter. Boston Family Office LLC now owns 2,705 shares of the technology company’s stock valued at $217,000 after purchasing an additional 575 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Guidewire Software by 6.2% during the first quarter. Great West Life Assurance Co. Can now owns 153,323 shares of the technology company’s stock valued at $14,853,000 after purchasing an additional 9,005 shares during the last quarter. Diversified Trust Co bought a new position in Guidewire Software during the first quarter valued at $219,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in Guidewire Software by 76.4% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 5,021 shares of the technology company’s stock valued at $488,000 after purchasing an additional 2,174 shares during the last quarter.

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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Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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