Stifel Nicolaus analyst Tom Roderick maintained a Hold rating on Guidewire (NYSE: GWRE) today and set a price target of $106. The company’s shares closed yesterday at $101.74, close to its 52-week high of $107.79.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 19.4% and a 70.3% success rate. Roderick covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Nuance Communications, and Salesforce.com.
Guidewire has an analyst consensus of Strong Buy, with a price target consensus of $110.20.
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Based on Guidewire’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $83.43 million. In comparison, last year the company had a net profit of $26.93 million.
Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is negative on the stock.
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Guidewire Software, Inc. engages in the provision of software products for property and casualty insurers. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, Add-on Modules, Underwriting Management, DataHub, InfoCenter, GuidewireLive, Predictive Analytics, Digital Portals, and InsuranceNow.
