Guidewire Software Inc (GWRE) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 80 from a previous price target of $75 . Deutsche Bank advised their investors in a research report released on Jun 2, 2016.
Many Wall Street Analysts have commented on Guidewire Software Inc. Piper Jaffray Initiated Guidewire Software Inc on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $65.
On the company’s financial health, Guidewire Software Inc reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $0.06. The company had revenue of $98.90 million for the quarter, compared to analysts expectations of $92.45 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Guidewire Software Inc opened for trading at $58.73 and hit $61.18 on the upside on Wednesday, eventually ending the session at $60.48, with a gain of 3.03% or 1.78 points. The heightened volatility saw the trading volume jump to 10,70,466 shares. Company has a market cap of $4,358 M.
In a different news, on May 17, 2016, James Winston King (General Counsel and Secretary) sold 42 shares at $56.77 per share price. According to the SEC, on May 17, 2016, Scott Roza (Chief Business Officer) sold 781 shares at $56.08 per share price. On May 17, 2016, Craig Conway (director) sold 801 shares at $56.08 per share price, according to the Form-4 filing with the securities and exchange commission.
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. Its platform consists of three products: core transaction processing data management and analytics and digital engagement. The Company sells its products to a variety of insurance carriers ranging from global insurers to national carriers to regional carriers. Its core transaction processing includes Guidewire InsuranceSuite Guidewire PolicyCenter Guidewire ClaimCenter Guidewire BillingCenter and InsuranceSuite Add-on Modules. InsuranceSuite Add-on Modules includes Guidewire Rating Management Guidewire Reinsurance Management Guidewire Client Data Management Guidewire Standards-Based Templates and Guidewire London Market Messaging. Its data management and analytics includes Guidewire DataHub Guidewire InfoCenter and Guidewire Live and digital engagement includes Guidewire Digital Portals.