Guidewire Software (GWRE) Cut to Hold at ValuEngine

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ValuEngine lowered shares of Guidewire Software (NYSE:GWRE) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

GWRE has been the topic of several other research reports. Piper Jaffray Companies lowered Guidewire Software from an overweight rating to a neutral rating and decreased their price target for the company from $95.00 to $90.00 in a research note on Monday, March 4th. Zacks Investment Research lowered Guidewire Software from a strong-buy rating to a hold rating in a research note on Tuesday, May 7th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $107.40.

Shares of GWRE opened at $96.23 on Thursday. Guidewire Software has a 52-week low of $73.82 and a 52-week high of $109.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.45 and a current ratio of 7.45. The firm has a market capitalization of $7.84 billion, a PE ratio of 1,069.22, a price-to-earnings-growth ratio of 28.05 and a beta of 1.27.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. Guidewire Software had a return on equity of 4.79% and a net margin of 10.66%. The company had revenue of $162.90 million for the quarter, compared to analyst estimates of $155.23 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts expect that Guidewire Software will post 0.42 earnings per share for the current year.

In related news, CFO Curtis Smith sold 2,105 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $94.96, for a total transaction of $199,890.80. Following the sale, the chief financial officer now owns 4,179 shares of the company’s stock, valued at approximately $396,837.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $105.46, for a total value of $2,109,200.00. Following the sale, the chief executive officer now directly owns 22,404 shares in the company, valued at approximately $2,362,725.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,317 shares of company stock worth $5,608,940. 0.69% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bremer Bank National Association acquired a new stake in shares of Guidewire Software during the 1st quarter valued at $29,000. Golden State Wealth Management LLC acquired a new position in Guidewire Software during the 1st quarter worth about $29,000. Captrust Financial Advisors acquired a new position in Guidewire Software during the 4th quarter worth about $41,000. Rehmann Capital Advisory Group lifted its holdings in Guidewire Software by 62.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock worth $47,000 after buying an additional 224 shares during the period. Finally, Manchester Capital Management LLC acquired a new position in Guidewire Software during the 1st quarter worth about $49,000.

Guidewire Software Company Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Guidewire Software (NYSE:GWRE)

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