Guidewire Software Inc (GWRE) is Initiated by Goldman to Neutral

Guidewire Software Inc (GWRE) was Initiated by Goldman to “Neutral”. Goldman advised their investors in a research report released on Oct 4, 2016.

Many Wall Street Analysts have commented on Guidewire Software Inc. Guidewire Software Inc was Downgraded by BofA/Merrill to ” Underperform” on Sep 16, 2016.

On the company’s financial health, Guidewire Software Inc reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $0.32. The company had revenue of $141.20 million for the quarter, compared to analysts expectations of $136.20 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Guidewire Software Inc closed down -0.04 points or -0.07% at $59.98 with 5,86,271 shares getting traded on Friday. Post opening the session at $60.22, the shares hit an intraday low of $58.87 and an intraday high of $60.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 21, 2016, James Winston King (General Counsel and Secretary) sold 5,944 shares at $58.98 per share price. According to the SEC, on Sep 21, 2016, Richard Hart (Chief Financial Officer) sold 6,184 shares at $58.99 per share price. On Sep 21, 2016, Priscilla Hung (Chief Administrative Officer) sold 6,521 shares at $58.97 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.

Guidewire Software Inc

Leave a Reply

Guidewire Software Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Guidewire Software Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.