Guidewire Software Inc (GWRE) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $65. Piper Jaffray advised their investors in a research report released on Jun 1, 2016.
On the company’s financial health, Guidewire Software Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $0.15. The company had revenue of $102.10 million for the quarter, compared to analysts expectations of $96.68 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Guidewire Software Inc opened for trading at $57.81 and hit $58.72 on the upside on Friday, eventually ending the session at $58.7, with a gain of 1.17% or 0.68 points. The heightened volatility saw the trading volume jump to 2,75,410 shares. Company has a market cap of $4,230 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.