Guidewire Software (NYSE:GWRE) Receives Maintains Rating from 58.com

Posted by Defense World Staff on Jun 3rd, 2023

58.com reissued their maintains rating on shares of Guidewire Software (NYSE:GWRE – Get Rating) in a research report report published on Friday morning, Benzinga reports.

A number of other analysts have also recently commented on the company. JMP Securities reaffirmed a market outperform rating and set a $95.00 price target on shares of Guidewire Software in a research report on Tuesday, March 7th. Royal Bank of Canada reissued an outperform rating and issued a $90.00 price objective on shares of Guidewire Software in a report on Tuesday, March 7th. Robert W. Baird lifted their price target on Guidewire Software from $75.00 to $80.00 and gave the company a neutral rating in a research note on Tuesday, March 7th. Citigroup lifted their price target on Guidewire Software from $67.00 to $81.00 and gave the company a neutral rating in a research note on Tuesday, March 7th. Finally, Wells Fargo & Company boosted their price objective on Guidewire Software from $60.00 to $65.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $85.09.

Guidewire Software Stock Down 14.5 %

Shares of NYSE GWRE opened at $70.84 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.78 billion, a PE ratio of -35.42 and a beta of 1.26. The stock’s fifty day simple moving average is $78.41 and its two-hundred day simple moving average is $71.49. Guidewire Software has a 12-month low of $52.08 and a 12-month high of $83.51.

Guidewire Software (NYSE:GWRE – Get Rating) last posted its quarterly earnings data on Monday, March 6th. The technology company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.17). The business had revenue of $232.61 million during the quarter, compared to analyst estimates of $222.13 million. Guidewire Software had a negative return on equity of 12.63% and a negative net margin of 19.19%. As a group, analysts expect that Guidewire Software will post -1.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, insider James Winston King sold 1,526 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $76.88, for a total transaction of $117,318.88. Following the transaction, the insider now directly owns 35,550 shares in the company, valued at $2,733,084. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider James Winston King sold 1,526 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $76.88, for a total value of $117,318.88. Following the sale, the insider now directly owns 35,550 shares in the company, valued at $2,733,084. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John P. Mullen sold 11,576 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $77.17, for a total value of $893,319.92. Following the completion of the sale, the insider now owns 131,533 shares in the company, valued at $10,150,401.61. The disclosure for this sale can be found here. Insiders have sold 26,253 shares of company stock worth $2,024,289 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Guidewire Software by 0.7% in the third quarter. Vanguard Group Inc. now owns 7,765,647 shares of the technology company’s stock valued at $478,209,000 after buying an additional 57,277 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Guidewire Software by 39.0% during the first quarter. William Blair Investment Management LLC now owns 3,145,395 shares of the technology company’s stock worth $258,080,000 after purchasing an additional 882,514 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Guidewire Software by 12.0% during the first quarter. Wasatch Advisors LP now owns 2,577,292 shares of the technology company’s stock worth $211,467,000 after purchasing an additional 276,477 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in shares of Guidewire Software by 5.8% during the first quarter. DF Dent & Co. Inc. now owns 1,817,889 shares of the technology company’s stock worth $149,158,000 after purchasing an additional 99,592 shares during the last quarter. Finally, RGM Capital LLC grew its holdings in shares of Guidewire Software by 18.8% during the fourth quarter. RGM Capital LLC now owns 1,812,986 shares of the technology company’s stock worth $113,420,000 after purchasing an additional 286,998 shares during the last quarter.

About Guidewire Software

(Get Rating)

Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.