Zacks Research Has Bearish Estimate for GWRE FY2028 Earnings

Guidewire Software, Inc. (NYSE:GWRE) – Equities researchers at Zacks Research reduced their FY2028 earnings estimates for Guidewire Software in a research report issued on Wednesday, December 3rd. Zacks Research analyst Team now expects that the technology company will post earnings per share of $3.65 for the year, down from their prior estimate 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.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Oppenheimer boosted their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Citigroup lifted their target price on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wells Fargo & Company boosted their target price on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.25.

Guidewire Software Trading Down 0.2%

Guidewire Software stock opened at $210.74 on Friday. The company has a market capitalization of $17.92 billion, a price-to-earnings ratio of 200.71, a price-to-earnings-growth ratio of 12.95 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 2.77 and a debt-to-equity ratio of 0.44. Guidewire Software has a 12 month low of $165.08 and a 12 month high of $272.60. The business’s fifty day simple moving average is $228.24 and its two-hundred day simple moving average is $229.02.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $213.44, for a total transaction of $640,320.00. Following the sale, the president directly owned 149,958 shares of the company’s stock, valued at $32,007,035.52. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Winston King sold 798 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $222.54, for a total value of $177,586.92. Following the sale, the insider owned 37,019 shares in the company, valued at approximately $8,238,208.26. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,342 shares of company stock worth $27,113,960 in the last three months. Insiders own 0.46% of the company’s stock.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Empower Advisory Group LLC purchased a new position in shares of Guidewire Software during the first quarter valued at approximately $692,000. Linonia Partnership LP lifted its stake in shares of Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after acquiring an additional 1,000,709 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Guidewire Software by 1,852.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 45,119 shares of the technology company’s stock valued at $8,453,000 after acquiring an additional 42,808 shares during the period. Lecap Asset Management Ltd. purchased a new position in Guidewire Software during the 2nd quarter valued at $1,100,000. Finally, Fox Run Management L.L.C. bought a new position in Guidewire Software in the 2nd quarter valued at $954,000.

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.