Guidewire Software, Inc. provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed. In addition, the company offers Guidewire Rating Management to manage the pricing of insurance products; Guidewire Reinsurance Management to use rules-based logic to execute reinsurance strategy through underwriting and claims processes; Guidewire Client Data Management to capitalize on customer information; and Guidewire Product Content Management that offers software tools and standards-based line-of-business templates to introduce and modify products. Further, it provides Guidewire Underwriting Management, a cloud-based integrated business application; Guidewire AppReader, a submission intake management solution; Guidewire ClaimCenter Package for the London market supports the claims workflow used by London Market insurers and brokers; Guidewire Digital Engagement Applications, which enable insurers to provide digital experiences to customers, agents, vendors, and field personnel through their device of choice; and Guidewire for Salesforce to provide customer information regarding policies and claims. Additionally, the company offers Guidewire Predictive Analytics, a set of cloud-native applications; Guidewire Risk Insights that allows insurers to assess new and evolving risks; Guidewire Business Intelligence that allows insurers to measure business performance; Guidewire DataHub, an operational data store; and Guidewire InfoCenter, a business intelligence warehouse, as well as implementation and integration, and professional services. The company was founded in 2001 and is headquartered in San Mateo, California.
Guidewire Software Stock Down 0.6 %
GWRE opened at $79.47 on Friday. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.24. Guidewire Software has a 52-week low of $69.06 and a 52-week high of $130.95. The company has a 50 day moving average of $75.48 and a two-hundred day moving average of $83.57.
Guidewire Software (NYSE:GWRE - Get Rating) last released its quarterly earnings data on Tuesday, June 7th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.61). Guidewire Software had a negative net margin of 18.86% and a negative return on equity of 7.80%. The company had revenue of $197.45 million during the quarter, compared to the consensus estimate of $187.73 million. During the same period in the previous year, the firm earned ($0.39) earnings per share. Guidewire Software's revenue for the quarter was up 20.4% on a year-over-year basis. On average, sell-side analysts predict that Guidewire Software will post -1.9 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GWRE has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Guidewire Software from $118.00 to $89.00 and set a "neutral" rating for the company in a research report on Thursday, June 16th. DA Davidson cut their target price on shares of Guidewire Software to $114.00 and set a "na" rating for the company in a research report on Tuesday, May 24th. Oppenheimer restated an "initiates" rating on shares of Guidewire Software in a research report on Wednesday, July 27th. Citigroup lowered their price target on shares of Guidewire Software from $89.00 to $88.00 and set a "neutral" rating for the company in a report on Wednesday, June 8th. Finally, Wells Fargo & Company lowered their price target on shares of Guidewire Software from $85.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $107.36.
Insider Transactions at Guidewire Software
In other news, Director Andrew William Fraser Brown sold 4,000 shares of the business's stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the director now directly owns 2,524 shares of the company's stock, valued at $187,129.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,132 shares of the business's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $73.13, for a total transaction of $82,783.16. Following the completion of the sale, the chief financial officer now owns 41,813 shares in the company, valued at $3,057,784.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew William Fraser Brown sold 4,000 shares of the business's stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the sale, the director now owns 2,524 shares of the company's stock, valued at approximately $187,129.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,898 shares of company stock valued at $1,157,541. Corporate insiders own 0.17% of the company's stock.
