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Guidewire Analysts Remain Divided Over Its Cloud Business Prospects Amid Uncertain Macros
Wells Fargo analyst Michael Turrin maintained Guidewire Software Inc (NYSE: GWRE) with an Underweight and lowered the cost focus on from $60 to $55. Guidewire’s seasonally light Q1 benefits have been generally in-line and modestly higher than Turrin’s estimates with $5 million improved-than-predicted ARR, $3 million greater-than-envisioned earnings, and running profits of ~$7 million higher than the analyst’s estimate. Nevertheless, the FY23 revised guide was somewhat unchanged. Administration prompt the coverage business continues to be rather stable compared to other far more macro-delicate verticals, indicating consumer selection-building and gross sales cycles have not meaningfully modified. The analyst thinks the fundamental transition will continue to weigh on this model until finally the cloud business enterprise can…
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Behavioral Health Benefits Remain Key Focus for Medicaid Programs
Point out Medicaid courses carry on to grow behavioral well being benefits, particularly for distinct large-needs populations. A number of states have rolled out new behavioral well being advantages or enhanced present types. All the although, no states have ideas to limit behavioral overall health gains for the duration of fiscal year 2023, according to a new survey of point out Medicaid leaders from the Kaiser Loved ones Basis (KFF). Very last fiscal 12 months, only two states — Montana and Oklahoma — trimmed copy behavioral overall health rewards that were offered via other condition courses or Medicaid gains, in accordance to a KFF Medicaid management study report. “States are…
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LDI market reaches maturity, but growth opportunities remain
David G. Eichhorn, CEO and head of financial investment approaches at NISA Financial investment Advisors LLC, St. Louis, stated in a cellular phone job interview that almost every single company pension strategy is executing some diploma of LDI, at minimum in the kind of rising their allocations to very long-length preset cash flow. For these making use of custom made LDI approaches that are applying other credit history and fastened-profits devices to hedge their liabilities, Mr. Eichhorn claimed, “the broad the greater part, at least in our perception, have picked their essential companions.” There is, nevertheless, room for development, at minimum in phrases of incorporating assets, he reported. “We actually…
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