Guidewire Software (NYSE:GWRE) Posts Earnings Results, Beats Expectations By $0.08 EPS

Guidewire Software (NYSE:GWRE) issued its earnings results on Thursday. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08, Briefing.com reports. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Guidewire Software updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Guidewire Software Trading Up 12.4 %

Shares of GWRE stock opened at $161.71 on Friday. The company’s fifty day moving average price is $144.64 and its 200-day moving average price is $128.04. The stock has a market cap of $13.37 billion, a PE ratio of -1,243.92 and a beta of 1.19. Guidewire Software has a 12 month low of $83.91 and a 12 month high of $171.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. JMP Securities boosted their price target on Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a report on Friday. Bank of America increased their price objective on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. Robert W. Baird boosted their target price on Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.38.

Insider Buying and Selling

In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the transaction, the chief financial officer now directly owns 63,479 shares in the company, valued at $8,540,464.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of Guidewire Software stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $405,907.18. Following the completion of the transaction, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the completion of the transaction, the insider now owns 139,171 shares in the company, valued at approximately $19,361,469.52. The disclosure for this sale can be found here. Insiders sold a total of 13,064 shares of company stock worth $1,782,775 in the last three months. 0.38% of the stock is owned by corporate insiders.

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.