Guidewire Software, Inc. (GWRE) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Guidewire Software, Inc. (NYSE:GWRE) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $88.00 price objective on the technology company’s stock.

According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”

A number of other equities research analysts also recently weighed in on GWRE. KeyCorp reiterated a buy rating and issued a $86.00 price target on shares of Guidewire Software in a research report on Friday, September 29th. TheStreet upgraded shares of Guidewire Software from a c+ rating to a b rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Guidewire Software from a strong-buy rating to a buy rating in a research report on Friday, August 11th. ValuEngine upgraded shares of Guidewire Software from a sell rating to a hold rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a buy rating and issued a $85.00 price target (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $80.22.

Shares of Guidewire Software (NYSE:GWRE) traded up 0.49% during trading on Tuesday, hitting $77.77. The stock had a trading volume of 393,903 shares. The stock’s 50-day moving average is $77.72 and its 200-day moving average is $69.39. The stock has a market capitalization of $5.83 billion, a P/E ratio of 277.75 and a beta of 1.22. Guidewire Software has a 12-month low of $49.18 and a 12-month high of $81.46.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The company had revenue of $181.10 million during the quarter, compared to the consensus estimate of $168.61 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts predict that Guidewire Software will post $0.97 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Guidewire Software, Inc. (GWRE) Upgraded at Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/20/guidewire-software-inc-gwre-upgraded-at-zacks-investment-research.html.

In other news, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $72.34, for a total transaction of $1,808,500.00. Following the completion of the transaction, the chief executive officer now directly owns 164,139 shares in the company, valued at $11,873,815.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Conway sold 600 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total transaction of $42,198.00. Following the transaction, the director now owns 9,747 shares of the company’s stock, valued at $685,506.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,870 shares of company stock valued at $8,738,930. Company insiders own 0.96% of the company’s stock.

Large investors have recently made changes to their positions in the company. Aperio Group LLC increased its holdings in shares of Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after buying an additional 269 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Guidewire Software by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 279,346 shares of the technology company’s stock worth $15,736,000 after buying an additional 12,434 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Guidewire Software by 3.4% during the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after buying an additional 103,707 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Guidewire Software by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock worth $406,000 after buying an additional 63 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock worth $397,816,000 after buying an additional 96,478 shares in the last quarter.

About Guidewire Software

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 mana

According to Zacks, “Guidewire Software, a property and casualty insurance based software solutions provider, reported better-than-expected fiscal fourth-quarter 2017 results. The impressive top and bottom lines were driven by higher service activities, an additional $16.2 million of hosting revenues from ISCS, which the company acquired in February 2017; and certain early payments from term licenses. Notably, regular customer addition via cross-selling of its product suites is a positive. The company’s shift from term license to a cloud-based model is a tailwind for the company in the long run as the industry shifts toward cloud infrastructure. However, the costs related to the shift will put pressure on margins in the near term and affect the top line as term license revenues include advance payments whereas subscription-based revenues are a bit delayed. Nevertheless, the company’s shares have outperformed the industry on a year-to-date basis.”

A number of other equities research analysts also recently weighed in on GWRE. KeyCorp reiterated a buy rating and issued a $86.00 price target on shares of Guidewire Software in a research report on Friday, September 29th. TheStreet upgraded shares of Guidewire Software from a c+ rating to a b rating in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Guidewire Software from a strong-buy rating to a buy rating in a research report on Friday, August 11th. ValuEngine upgraded shares of Guidewire Software from a sell rating to a hold rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a buy rating and issued a $85.00 price target (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $80.22.

Shares of Guidewire Software (NYSE:GWRE) traded up 0.49% during trading on Tuesday, hitting $77.77. The stock had a trading volume of 393,903 shares. The stock’s 50-day moving average is $77.72 and its 200-day moving average is $69.39. The stock has a market capitalization of $5.83 billion, a P/E ratio of 277.75 and a beta of 1.22. Guidewire Software has a 12-month low of $49.18 and a 12-month high of $81.46.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The company had revenue of $181.10 million during the quarter, compared to the consensus estimate of $168.61 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts predict that Guidewire Software will post $0.97 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Guidewire Software, Inc. (GWRE) Upgraded at Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/20/guidewire-software-inc-gwre-upgraded-at-zacks-investment-research.html.

In other news, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $72.34, for a total transaction of $1,808,500.00. Following the completion of the transaction, the chief executive officer now directly owns 164,139 shares in the company, valued at $11,873,815.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Conway sold 600 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total transaction of $42,198.00. Following the transaction, the director now owns 9,747 shares of the company’s stock, valued at $685,506.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,870 shares of company stock valued at $8,738,930. Company insiders own 0.96% of the company’s stock.

Large investors have recently made changes to their positions in the company. Aperio Group LLC increased its holdings in shares of Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after buying an additional 269 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Guidewire Software by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 279,346 shares of the technology company’s stock worth $15,736,000 after buying an additional 12,434 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Guidewire Software by 3.4% during the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after buying an additional 103,707 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Guidewire Software by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock worth $406,000 after buying an additional 63 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock worth $397,816,000 after buying an additional 96,478 shares in the last quarter.

About Guidewire Software

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.

Get a free copy of the Zacks research report on Guidewire Software (GWRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

Receive News & Ratings for Guidewire Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply