William Blair Equities Analysts Increase Earnings Estimates for Guidewire Software, Inc. (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE – Get Rating) – Stock analysts at William Blair boosted their Q3 2023 earnings per share (EPS) estimates for shares of Guidewire Software in a report released on Tuesday, March 7th. William Blair analyst D. Becker now expects that the technology company will post earnings per share of ($0.49) for the quarter, up from their prior forecast of ($0.54). The consensus estimate for Guidewire Software’s current full-year earnings is ($1.51) per share. William Blair also issued estimates for Guidewire Software’s Q4 2023 earnings at ($0.03) EPS, FY2023 earnings at ($1.71) EPS, Q1 2024 earnings at ($0.50) EPS, Q2 2024 earnings at ($0.22) EPS, Q3 2024 earnings at ($0.36) EPS, Q4 2024 earnings at ($0.02) EPS and FY2024 earnings at ($1.10) EPS.

Guidewire Software (NYSE:GWRE – Get Rating) last posted its quarterly earnings data on Tuesday, December 6th. The technology company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.13. The firm had revenue of $195.28 million during the quarter, compared to analysts’ expectations of $190.49 million. Guidewire Software had a negative return on equity of 12.63% and a negative net margin of 19.19%.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Guidewire Software in a research report on Tuesday. StockNews.com raised Guidewire Software from a “sell” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on Guidewire Software in a research report on Monday, January 23rd. They set a “buy” rating and a $88.00 price target for the company. Wells Fargo & Company lifted their price target on Guidewire Software from $55.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, DA Davidson lowered their price target on Guidewire Software from $96.00 to $90.00 in a research report on Thursday, December 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.09.

Guidewire Software Stock Down 2.1 %

Guidewire Software stock opened at $71.50 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.66 and a quick ratio of 3.73. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of -35.75 and a beta of 1.25. Guidewire Software has a 1-year low of $52.08 and a 1-year high of $97.32. The business has a fifty day moving average price of $71.13 and a 200-day moving average price of $64.96.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 1,577 shares of Guidewire Software stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $96,827.80. Following the completion of the transaction, the insider now owns 39,328 shares in the company, valued at approximately $2,414,739.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider James Winston King sold 1,577 shares of Guidewire Software stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $96,827.80. Following the completion of the transaction, the insider now owns 39,328 shares in the company, valued at approximately $2,414,739.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Priscilla Hung sold 9,547 shares of Guidewire Software stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $70.00, for a total value of $668,290.00. Following the completion of the transaction, the chief operating officer now owns 57,915 shares of the company’s stock, valued at approximately $4,054,050. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,255 shares of company stock worth $1,450,282. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the business. Western Pacific Wealth Management LP increased its stake in Guidewire Software by 3,727.3% during the 3rd quarter. Western Pacific Wealth Management LP now owns 421 shares of the technology company’s stock worth $25,000 after buying an additional 410 shares in the last quarter. Riverview Trust Co increased its stake in Guidewire Software by 158.8% during the 3rd quarter. Riverview Trust Co now owns 414 shares of the technology company’s stock worth $25,000 after buying an additional 254 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Guidewire Software during the 4th quarter worth approximately $25,000. Ellevest Inc. purchased a new stake in Guidewire Software during the 3rd quarter worth approximately $29,000. Finally, Huntington National Bank boosted its holdings in shares of Guidewire Software by 261.7% during the 4th quarter. Huntington National Bank now owns 463 shares of the technology company’s stock worth $29,000 after purchasing an additional 335 shares during the last quarter.

Guidewire Software Company Profile

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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.