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.