Today: JMP Securities Reaffirmed “Hold” Rating for Guidewire Software Inc (GWRE)

Today: JMP Securities Reaffirmed “Hold” Rating for Guidewire Software Inc (GWRE)

Guidewire Software Inc (NYSE:GWRE)‘s stock had its “hold” rating restated by equities researchers at JMP Securities in a research note issued to investors on Monday.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. Goldman Sachs Group Inc. began coverage on shares of Guidewire Software in a report on Tuesday, October 4th. They issued a “neutral” rating and a $57.00 price target on the stock. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “buy” rating and issued a $80.00 price target on shares of Guidewire Software in a report on Thursday, September 29th. Bank of America Corp. cut shares of Guidewire Software from a “neutral” rating to an “underperform” rating and set a $60.00 price target on the stock. in a report on Friday, September 16th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.38.

Shares of Guidewire Software (NYSE:GWRE) opened at 58.66 on Monday. Guidewire Software has a one year low of $42.32 and a one year high of $64.78. The firm has a market cap of $4.29 billion and a P/E ratio of 293.30. The firm has a 50 day moving average price of $57.83 and a 200-day moving average price of $59.94.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to the consensus estimate of $136.09 million. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. Analysts forecast that Guidewire Software will post $0.76 earnings per share for the current year.

In other news, insider Scott Roza sold 781 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $56.16, for a total value of $43,860.96. Following the transaction, the insider now owns 982 shares of the company’s stock, valued at $55,149.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel James Winston King sold 561 shares of the company’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $58.47, for a total transaction of $32,801.67. Following the completion of the transaction, the general counsel now directly owns 104 shares in the company, valued at approximately $6,080.88. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Prudential Financial Inc. raised its position in shares of Guidewire Software by 8.3% in the first quarter. Prudential Financial Inc. now owns 7,495 shares of the company’s stock valued at $408,000 after buying an additional 575 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of Guidewire Software during the first quarter valued at about $271,000. Barometer Capital Management Inc. bought a new position in shares of Guidewire Software during the second quarter valued at about $531,000. Murphy Capital Management Inc. bought a new position in shares of Guidewire Software during the second quarter valued at about $228,000. Finally, IBM Retirement Fund bought a new position in shares of Guidewire Software during the second quarter valued at about $451,000.

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