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

Guidewire Software (NYSE:GWRE) issued its quarterly earnings data on Thursday. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08, Briefing.com reports. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period last year, the business earned $0.30 EPS. 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 Stock Performance

GWRE stock opened at $144.03 on Friday. The firm has a market cap of $11.91 billion, a P/E ratio of -1,107.92 and a beta of 1.19. The firm’s fifty day moving average is $144.17 and its 200 day moving average is $127.75. Guidewire Software has a 52 week low of $83.91 and a 52 week high of $153.85.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the transaction, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00. Following the sale, the chief financial officer now directly owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The disclosure for this sale can be found here. Insiders sold 13,064 shares of company stock valued at $1,782,775 over the last three months. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Royal Bank of Canada lifted their price target on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Oppenheimer upped their price objective on Guidewire Software from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Bank of America increased their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.69.

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.