Todays Report: The Guidewire Software Inc (GWRE) Receives New Coverage from Analysts at Goldman Sachs Group Inc.

The Guidewire Software Inc (GWRE) Receives New Coverage from Analysts at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. started coverage on shares of Guidewire Software Inc (NYSE:GWRE) in a research report released on Tuesday morning. The brokerage issued a neutral rating and a $57.00 target price on the stock. The analysts noted that the move was a valuation call.

Other analysts also recently issued reports about the stock. Deutsche Bank AG restated a buy rating on shares of Guidewire Software in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Guidewire Software from a buy rating to a hold rating in a report on Monday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $68.00 to $78.00 and gave the company an overweight rating in a report on Thursday, September 8th. TheStreet upgraded shares of Guidewire Software from a hold rating to a buy rating in a report on Wednesday, September 7th. Finally, JMP Securities reiterated a hold rating on shares of Guidewire Software in a report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Guidewire Software currently has an average rating of Buy and a consensus target price of $69.38.

Shares of Guidewire Software (NYSE:GWRE) traded down 0.58% during trading on Tuesday, hitting $60.03. 81,455 shares of the stock traded hands. The stock has a market cap of $4.39 billion and a PE ratio of 300.15. The firm’s 50-day moving average price is $61.13 and its 200-day moving average price is $59.26. Guidewire Software has a 12 month low of $42.32 and a 12 month high of $64.78.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $141.18 million for the quarter, compared to the consensus estimate of $136.09 million. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Analysts anticipate that Guidewire Software will post $0.76 EPS for the current year.

In related news, insider Priscilla Hung sold 3,179 shares of Guidewire Software stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $58.42, for a total transaction of $185,717.18. Following the completion of the transaction, the insider now directly owns 3,179 shares of the company’s stock, valued at approximately $185,717.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $61.45, for a total transaction of $1,229,000.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $1,229,000. The disclosure for this sale can be found here.

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in Guidewire Software by 163.9% in the second quarter. Public Employees Retirement System of Ohio now owns 66,270 shares of the company’s stock worth $4,093,000 after buying an additional 41,161 shares in the last quarter. Sterling Capital Management LLC boosted its position in Guidewire Software by 12.3% in the second quarter. Sterling Capital Management LLC now owns 57,426 shares of the company’s stock worth $3,547,000 after buying an additional 6,295 shares in the last quarter. Calvert Investment Management Inc. purchased a new position in Guidewire Software during the second quarter worth approximately $235,000. Stifel Financial Corp boosted its position in Guidewire Software by 1.2% in the second quarter. Stifel Financial Corp now owns 5,044 shares of the company’s stock worth $312,000 after buying an additional 58 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Guidewire Software by 56.4% in the second quarter. Amalgamated Bank now owns 11,555 shares of the company’s stock worth $714,000 after buying an additional 4,165 shares in the last quarter.

Guidewire Software Company Profile

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