Recent Analysts’ Ratings Changes for Guidewire Software (GWRE)

Several brokerages have updated their recommendations and price targets on shares of Guidewire Software (NYSE: GWRE) in the last few weeks:

• 11/15/2023 – Guidewire Software had its price target raised by analysts at JMP Securities from $100.00 to $110.00. They now have a “market outperform” rating on the stock.
• 11/15/2023 – Guidewire Software had its price target raised by analysts at The Goldman Sachs Group, Inc. from $103.00 to $115.00. They now have a “buy” rating on the stock.
• 11/14/2023 – Guidewire Software was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $117.00 price target on the stock, up previously from $96.00.
• 11/14/2023 – Guidewire Software had its price target raised by analysts at Stifel Nicolaus from $95.00 to $100.00. They now have a “buy” rating on the stock.
• 10/5/2023 – Guidewire Software is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Guidewire Software Trading Up 1.3 %

NYSE GWRE traded up $1.28 during trading on Monday, hitting $98.11. The stock had a trading volume of 123,652 shares, compared to its average volume of 682,657. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of -72.67 and a beta of 1.15. Guidewire Software, Inc. has a one year low of $56.02 and a one year high of $98.78. The stock has a 50 day simple moving average of $90.48 and a 200 day simple moving average of $83.01.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 7th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.36. The business had revenue of $270.00 million during the quarter, compared to the consensus estimate of $261.38 million. Guidewire Software had a negative net margin of 12.35% and a negative return on equity of 8.40%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. Sell-side analysts predict that Guidewire Software, Inc. will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 5,740 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.77, for a total transaction of $526,759.80. Following the completion of the sale, the insider now owns 157,692 shares of the company’s stock, valued at $14,471,394.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider John P. Mullen sold 5,740 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.77, for a total transaction of $526,759.80. Following the completion of the sale, the insider now owns 157,692 shares of the company’s stock, valued at $14,471,394.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Priscilla Hung sold 11,540 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.77, for a total transaction of $1,059,025.80. Following the sale, the chief operating officer now directly owns 57,516 shares of the company’s stock, valued at approximately $5,278,243.32. The disclosure for this sale can be found here. Insiders sold a total of 51,354 shares of company stock valued at $4,712,541 over the last 90 days. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new position in Guidewire Software in the third quarter worth approximately $25,000. CENTRAL TRUST Co bought a new position in Guidewire Software in the third quarter worth approximately $29,000. Pinebridge Investments L.P. raised its stake in Guidewire Software by 490.9% in the second quarter. Pinebridge Investments L.P. now owns 390 shares of the technology company’s stock worth $30,000 after buying an additional 324 shares in the last quarter. Castleview Partners LLC bought a new position in Guidewire Software in the third quarter worth approximately $40,000. Finally, Huntington National Bank raised its stake in Guidewire Software by 38.8% in the second quarter. Huntington National Bank now owns 533 shares of the technology company’s stock worth $41,000 after buying an additional 149 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud 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.