Zacks Research Comments on Guidewire Software, Inc.’s FY2024 Earnings (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) – Research analysts at Zacks Research increased their FY2024 earnings per share estimates for shares of Guidewire Software in a research report issued on Tuesday, June 25th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of ($0.33) for the year, up from their prior estimate of ($0.48). The consensus estimate for Guidewire Software’s current full-year earnings is ($0.31) per share. Zacks Research also issued estimates for Guidewire Software’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at ($0.25) EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $0.18 EPS, Q1 2026 earnings at ($0.02) EPS, Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.07 EPS and FY2026 earnings at $0.63 EPS.

Other equities research analysts also recently issued reports about the stock. BTIG Research boosted their price target on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Robert W. Baird boosted their target price on Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Oppenheimer raised their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Wells Fargo & Company lifted their price objective on Guidewire Software from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Finally, DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $133.08.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $137.89 on Friday. The company has a market capitalization of $11.40 billion, a P/E ratio of -1,060.69 and a beta of 1.14. The company has a 50 day simple moving average of $122.99 and a 200-day simple moving average of $116.37. Guidewire Software has a 1 year low of $74.03 and a 1 year high of $139.91.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.14. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The company had revenue of $240.68 million during the quarter, compared to analysts’ expectations of $231.46 million.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the business’s 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 transaction, the chief financial officer now owns 63,479 shares in the company, valued at approximately $8,540,464.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the company’s stock in a transaction 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 owns 63,479 shares in the company, valued at approximately $8,540,464.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the sale, the insider now owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The disclosure for this sale can be found here. Insiders sold a total of 13,064 shares of company stock worth $1,710,361 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in GWRE. Cetera Investment Advisers increased its position in shares of Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock valued at $2,114,000 after buying an additional 15,695 shares in the last quarter. Comerica Bank increased its holdings in Guidewire Software by 61.7% during the 1st quarter. Comerica Bank now owns 25,024 shares of the technology company’s stock valued at $2,921,000 after acquiring an additional 9,546 shares in the last quarter. Motley Fool Asset Management LLC acquired a new position in Guidewire Software during the first quarter worth about $3,826,000. Vancity Investment Management Ltd lifted its holdings in shares of Guidewire Software by 15.1% in the first quarter. Vancity Investment Management Ltd now owns 10,808 shares of the technology company’s stock valued at $1,261,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software by 1.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock valued at $73,566,000 after purchasing an additional 8,995 shares during the last quarter.

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.