Guidewire Software, Inc. (NYSE:GWRE) Expected to Earn FY2024 Earnings of ($0.39) Per Share

Guidewire Software, Inc. (NYSE:GWRE) – Equities researchers at William Blair cut their FY2024 earnings per share (EPS) estimates for Guidewire Software in a research note issued to investors on Wednesday, June 5th. William Blair analyst D. Becker now forecasts that the technology company will earn ($0.39) per share for the year, down from their previous forecast of ($0.38). The consensus estimate for Guidewire Software’s current full-year earnings is ($0.34) per share. William Blair also issued estimates for Guidewire Software’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at ($0.23) EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $0.08 EPS.

Other equities analysts have also issued reports about the company. BTIG Research boosted their price target on Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Guidewire Software in a research report on Wednesday, June 5th. Citigroup upped their target price on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Robert W. Baird upped their target price on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.23.

Guidewire Software Stock Performance

Shares of GWRE opened at $129.98 on Monday. Guidewire Software has a 52-week low of $68.45 and a 52-week high of $132.36. The business’s 50 day moving average price is $116.09 and its two-hundred day moving average price is $112.50. The firm has a market cap of $10.74 billion, a PE ratio of -999.77 and a beta of 1.14.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. In the last three months, insiders sold 10,785 shares of company stock valued at $1,220,087. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Guidewire Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after acquiring an additional 67,439 shares during the period. Bamco Inc. NY grew its stake in shares of Guidewire Software by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock worth $561,499,000 after acquiring an additional 36,895 shares during the period. Wasatch Advisors LP grew its stake in shares of Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the period. Invesco Ltd. lifted its holdings in Guidewire Software by 141.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after purchasing an additional 1,079,268 shares in the last quarter. Finally, Linonia Partnership LP purchased a new stake in Guidewire Software during the 4th quarter worth about $189,965,000.

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.