Zacks Research Issues Pessimistic Forecast for GWRE Earnings

Guidewire Software, Inc. (NYSE:GWRE) – Analysts at Zacks Research reduced their FY2028 EPS estimates for shares of Guidewire Software in a research report issued to clients and investors on Wednesday, December 3rd. Zacks Research analyst Team now forecasts that the technology company will post earnings of $3.65 per share for the year, down from their previous forecast of $3.66. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Guidewire Software’s current full-year earnings is $0.52 per share.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a net margin of 7.23% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS.

GWRE has been the topic of a number of other research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. Oppenheimer boosted their price target on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Wells Fargo & Company upped their price objective on Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Stifel Nicolaus increased their price objective on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Citigroup cut their target price on shares of Guidewire Software from $267.00 to $242.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $272.00.

Guidewire Software Stock Down 2.1%

GWRE stock opened at $211.18 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The company’s 50 day simple moving average is $228.63 and its 200-day simple moving average is $228.96. Guidewire Software has a 12 month low of $165.08 and a 12 month high of $272.60. The firm has a market capitalization of $17.95 billion, a PE ratio of 201.13, a P/E/G ratio of 13.27 and a beta of 1.08.

Insider Activity

In other news, CAO David Franklin Peterson sold 1,811 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $439,837.57. Following the completion of the sale, the chief accounting officer directly owned 14,164 shares of the company’s stock, valued at $3,440,010.68. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 30,317 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total value of $7,363,089.79. Following the sale, the chief executive officer owned 264,958 shares of the company’s stock, valued at approximately $64,350,349.46. The trade was a 10.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 112,342 shares of company stock valued at $27,113,960 in the last ninety days. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in Guidewire Software during the 3rd quarter worth $29,000. Newbridge Financial Services Group Inc. bought a new position in Guidewire Software in the 2nd quarter valued at $30,000. Advisors Asset Management Inc. bought a new position in Guidewire Software in the 1st quarter valued at $25,000. Finally, Westside Investment Management Inc. acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $32,000.

Guidewire Software Company Profile

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.