Guidewire Software (GWRE) – Research Analysts’ Recent Ratings Updates

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

• 11/25/2024 – Guidewire Software had its price target raised by analysts at JMP Securities from $200.00 to $231.00. They now have a “market outperform” rating on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Wells Fargo & Company from $205.00 to $215.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Guidewire Software had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $215.00 price target on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Oppenheimer Holdings Inc. from $200.00 to $220.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Robert W. Baird from $204.00 to $220.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Guidewire Software had its price target raised by analysts at Stifel Nicolaus from $200.00 to $220.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Guidewire Software had its price target raised by analysts at Wells Fargo & Company from $200.00 to $205.00. They now have an “overweight” rating on the stock.
• 10/11/2024 – Guidewire Software had its price target raised by analysts at Royal Bank of Canada from $180.00 to $215.00. They now have an “outperform” rating on the stock.
• 10/11/2024 – Guidewire Software had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $200.00 price target on the stock, up previously from $185.00.
• 10/11/2024 – Guidewire Software had its price target raised by analysts at JMP Securities from $179.00 to $200.00. They now have a “market outperform” rating on the stock.
• 10/11/2024 – Guidewire Software had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/8/2024 – Guidewire Software had its price target raised by analysts at Robert W. Baird from $175.00 to $204.00. They now have an “outperform” rating on the stock.
• 10/4/2024 – Guidewire Software had its price target raised by analysts at Oppenheimer Holdings Inc. from $185.00 to $200.00. They now have an “outperform” rating on the stock.
• 10/3/2024 – Guidewire Software had its price target raised by analysts at Wells Fargo & Company from $185.00 to $200.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Guidewire Software had its price target raised by analysts at JPMorgan Chase & Co. from $170.00 to $210.00. They now have an “overweight” rating on the stock.

Guidewire Software Stock Up 0.3 %

NYSE:GWRE traded up $0.69 during mid-day trading on Tuesday, reaching $203.80. The company’s stock had a trading volume of 141,743 shares, compared to its average volume of 695,217. The firm has a market capitalization of $17.02 billion, a PE ratio of -2,547.50, a price-to-earnings-growth ratio of 52.47 and a beta of 1.18. The stock has a fifty day moving average of $186.96 and a 200-day moving average of $156.04. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $207.10.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. On average, analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the sale, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of Guidewire Software by 648.0% in the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 15,695 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Guidewire Software by 8.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after buying an additional 165 shares during the period. Icon Wealth Advisors LLC lifted its stake in Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 2,512 shares in the last quarter. Xponance Inc. boosted its holdings in Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after acquiring an additional 3,066 shares during the period. Finally, Pallas Capital Advisors LLC grew its position in Guidewire Software by 219.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after acquiring an additional 4,161 shares in the last quarter.

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.