Technology company Guidewire Software (NYSE:GWRE) has received a “Hold” rating from nine ratings firms, according to reports on Bloomberg.com. Despite being given the accolade, one analyst has rated the stock as a sell while three have issued hold recommendations and five have recommended purchasing shares in the firm. The average price target over the next 12 months predicted by brokers that have covered the stock over the last year is $85.09. Guidewire Software reported its quarterly earnings results on 1 June 2017, revealing earnings per share of ($0.45), just one cent shy of analysts’ expected estimates. The company’s negative net margin stood at 17.63% while negative return on equity was recorded at 12.14%. Revenue during this period totalled $207.49 million compared with analyst expectations of $214.08 million, though EPS (earnings per share) for this fiscal year is expected to be -1.7.
Guidewire Software provides property and casualty (P&C) insurance products throughout the world for insurers via cloud-based applications including policy center functionality and billing centre technology along with claims management functionality support for self-managed clients via InsuranceSuite platform solutions such as PolicyCenter Cloud or BillingCenter Cloud or ClaimCenter Cloud applications bundled together into Guidewire InsuranceSuite Cloud offerings.
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Equities Research Analysts Give Flurry of Remarks on Guidewire Software, Inc.; Insider Movements and Institutional Investors Follow Suit
Guidewire Software, Inc. has been drawing the attention of several equities research analysts, receiving a flurry of remarks in recent times. DA Davidson increased their price objective from $90.00 to $94.00 in a detailed report released on May 31st concerning Guidewire Software’s stock. Additionally, JPMorgan Chase & Co. gave the stock an “overweight” rating and raised its price target to $83.00 from $78.00; Royal Bank of Canada kept its “outperform” rating for the company, while setting its shares at $90.00; and Robert W. Baird raised its target price from $75 to $80 calling it a “neutral” rating all on March 7th of this year – which goes on to emphasize the unpredictability of stock market dynamics.
Guidewire Software, Inc is focused on providing specialized software products that cater specifically to Property and Casualty (P&C) insurers worldwide – with applications such as Guidewire InsuranceSuite Cloud, which includes three parts: PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications.This specially crafted collection allows policy, billing and claims management functionality to be integrated into every insurer’s software application.
Recent insider movements within Guidewire can also lend insight into opinions about the company’s performance and direction going forward – largely due to SEC requirements regarding public disclosures related to trading by insiders of stated publicly traded companies.
Notably, Chief Operating Officer Priscilla Hung recently sold off a total of 1,981 shares priced at an average value of approximately seventy-one dollars.The total value amounted up to roughly one hundred forty-one thousand dollars.Insider James Winston King also sold off holdings worth over seventy-four thousand dollars as per official records.
Accordingly,institutional investors have been active buyers in the company lately.Atria Wealth Solutions Inc,bought almost one-fifth stake ($237k) in Guidewire during Q1 with Ontario Teachers Pension Plan Board spending $323k in the same period and Frontier Capital Management investing upwards of $13,086,000 of investment in Guidewire by Q1 2021.
The software organization’s share price opened at around seventy dollars last Friday. Guidewire has a beta value of 1.27,a market capitalization worth about $5.74 billion,and complicated yet unique P/E ratio approaching negative thirty-eight.
Regarding the current scenario,GWRE will continue to monitor these latest developments regarding the company’s performance, having established itself as a guiding force for insurers worldwide.