BofA Merrill downgraded Guidewire Software (NYSE:GWRE) from Neutral to Underperform in a report released today.
- Updated: September 16, 2016
BofA Merrill has downgraded Guidewire Software(NYSE:GWRE) from Neutral to Underperform in a statement released on Friday September 16 2016.
Showing a price of $61.17, Guidewire Software (NYSE:GWRE) traded 1.68% lower on the day. With the last stock price up 2.79% from the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same period. The company has been tracking to a 50-day moving average of $61.83 and 200-day moving average of $58.51. 50,507 shares of the stock traded, down from ann average volume of 477,508
See Graphic Below:
Guidewire Software has a 52 week low of $42.32 and a one-year high of $64.78 with a PE ratio of 301. GWRE’s market capitalization is presently $0.0.
A total of 5 brokers have issued a research note on the company. Two analysts rate the stock a strong buy, four firms rate the company a buy, one firm rate the stock a hold, 0 rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with a one year target of $70.00
Brief Synopsis On Guidewire Software (NYSE:GWRE)
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 and digital engagement includes Guidewire Digital Portals.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.