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Zacks Investment Research downgraded Guidewire Software Inc (NYSE:GWRE) to Sell in a report released today.

Zacks Investment Research has downgraded Guidewire Software Inc (NYSE:GWRE) to Sell in a report released on 10/11/2016.

Previously on 10/04/2016, Goldman Sachs Group Inc. reported about Guidewire Software Inc (NYSE:GWRE) raised the target price from $0.00 to $57.00. At the time, this indicated a possible downside of -0.05%.

Yesterday Guidewire Software Inc (NYSE:GWRE) traded -3.02% lower at $58.49. The company’s 50-day moving average is $60.88 and its 200-day moving average is $59.45. The last stock close price is down -1.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 292,053 shares of the stock were exchanged, down from an average trading volume of 389,765

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Guidewire Software Inc (NYSE:GWRE)

Guidewire Software Inc has a 52 week low of $42.32 and a 52 week high of $64.78 with a P/E ratio of 292.45 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $70.00 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Guidewire Software Inc (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. The Company's InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers. The Company's core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. The Company's data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. The Company's digital engagement includes Guidewire Digital Portals.

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