Zacks Research Issues Optimistic Estimate for GWRE Earnings

Guidewire Software, Inc. (NYSE:GWRE) – Zacks Research lifted their Q1 2027 EPS estimates for Guidewire Software in a research report issued to clients and investors on Thursday, March 27th. Zacks Research analyst R. Department now anticipates that the technology company will earn $0.32 per share for the quarter, up from their previous estimate of $0.29. The consensus estimate for Guidewire Software’s current full-year earnings is $0.52 per share.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%.

GWRE has been the subject of several other research reports. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company boosted their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Oppenheimer lifted their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Down 2.1 %

NYSE GWRE opened at $187.54 on Monday. The company has a 50-day moving average of $199.36 and a 200-day moving average of $188.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a market cap of $15.73 billion, a P/E ratio of 520.95, a P/E/G ratio of 37.21 and a beta of 1.31.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Wealth Enhancement Advisory Services LLC raised its holdings in Guidewire Software by 3.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,185 shares of the technology company’s stock valued at $7,449,000 after acquiring an additional 1,282 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Guidewire Software in the 4th quarter worth about $210,000. Mackenzie Financial Corp acquired a new stake in shares of Guidewire Software in the 4th quarter valued at about $11,827,000. Forum Financial Management LP raised its stake in shares of Guidewire Software by 31.6% in the 4th quarter. Forum Financial Management LP now owns 1,455 shares of the technology company’s stock valued at $245,000 after purchasing an additional 349 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in shares of Guidewire Software during the fourth quarter worth about $1,172,000.

Insiders Place Their Bets

In related news, President John P. Mullen sold 2,300 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $401,994.00. Following the completion of the transaction, the president now owns 178,446 shares of the company’s stock, valued at approximately $31,188,791.88. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $195.15, for a total value of $273,210.00. Following the sale, the chief executive officer now owns 261,393 shares of the company’s stock, valued at approximately $51,010,843.95. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,180 shares of company stock worth $7,159,763 in the last 90 days. 0.48% of the stock is owned by company insiders.

About Guidewire Software

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.