Guidewire Software’s (GWRE) “Buy” Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of Guidewire Software (NYSE:GWRE) in a report released on Thursday morning. Deutsche Bank currently has a $85.00 target price on the technology company’s stock.

Several other research firms have also issued reports on GWRE. Zacks Investment Research lowered Guidewire Software from a hold rating to a sell rating in a report on Tuesday, November 7th. Citigroup reissued a buy rating and set a $85.00 target price (up from $79.00) on shares of Guidewire Software in a report on Thursday, September 7th. TheStreet raised Guidewire Software from a c+ rating to a b rating in a report on Wednesday, September 6th. BidaskClub lowered Guidewire Software from a strong-buy rating to a buy rating in a report on Wednesday, October 18th. Finally, KeyCorp reissued a buy rating and set a $86.00 target price on shares of Guidewire Software in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $80.11.

Guidewire Software (NYSE GWRE) traded down $1.24 during mid-day trading on Thursday, reaching $73.15. The company’s stock had a trading volume of 1,383,200 shares, compared to its average volume of 460,372. The company has a market cap of $5,512.74, a PE ratio of 182.88, a price-to-earnings-growth ratio of 36.19 and a beta of 1.18. Guidewire Software has a 1 year low of $49.18 and a 1 year high of $83.52.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. sell-side analysts predict that Guidewire Software will post 0.13 earnings per share for the current year.

In related news, CEO Marcus Ryu sold 25,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $78.56, for a total value of $1,964,000.00. Following the sale, the chief executive officer now directly owns 149,678 shares of the company’s stock, valued at $11,758,703.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Hart sold 375 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $75.57, for a total value of $28,338.75. Following the completion of the sale, the chief financial officer now directly owns 3,819 shares in the company, valued at $288,601.83. The disclosure for this sale can be found here. Insiders sold 88,621 shares of company stock worth $6,933,274 over the last ninety days. 0.69% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its position in Guidewire Software by 2,270.8% in the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,476 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Guidewire Software by 64.2% in the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares during the last quarter. Zions Bancorporation bought a new position in Guidewire Software in the third quarter valued at about $161,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Guidewire Software by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after purchasing an additional 283 shares during the last quarter.

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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.

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