Guidewire Software (NYSE:GWRE) Releases Earnings Results, Beats Expectations By $0.03 EPS

Guidewire Software (NYSE:GWRE) released its quarterly earnings results on Thursday. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03, FiscalAI reports. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.

Guidewire Software Stock Down 2.4%

Shares of NYSE:GWRE traded down $3.74 during trading on Thursday, hitting $151.27. 2,675,123 shares of the company were exchanged, compared to its average volume of 1,578,012. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 68.76 and a beta of 0.93. Guidewire Software has a fifty-two week low of $115.57 and a fifty-two week high of $272.60. The firm has a fifty day moving average price of $140.32 and a two-hundred day moving average price of $161.58. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 6,576 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total transaction of $1,077,543.36. Following the transaction, the president owned 135,407 shares of the company’s stock, valued at $22,187,791.02. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 4,737 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $776,204.82. Following the transaction, the chief executive officer directly owned 221,206 shares in the company, valued at $36,246,815.16. This trade represents a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,679 shares of company stock valued at $5,214,878 in the last 90 days. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Daiwa Securities Group Inc. bought a new position in shares of Guidewire Software during the 4th quarter worth approximately $76,000. Employees Retirement System of Texas boosted its stake in shares of Guidewire Software by 26.4% during the 3rd quarter. Employees Retirement System of Texas now owns 781 shares of the technology company’s stock worth $180,000 after acquiring an additional 163 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Guidewire Software by 15.8% during the 4th quarter. UMB Bank n.a. now owns 990 shares of the technology company’s stock worth $199,000 after acquiring an additional 135 shares during the period.

Analyst Ratings Changes

A number of research firms have recently commented on GWRE. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Oppenheimer dropped their price target on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Royal Bank Of Canada dropped their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus dropped their target price on Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Finally, DA Davidson reissued a “buy” rating and issued a $246.00 target price on shares of Guidewire Software in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $251.50.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.