Guidewire Software (NYSE:GWRE – Get Rating) is scheduled to be announcing its earnings results after the market closes on Monday, March 6th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Guidewire Software has set its FY 2023 guidance at EPS and its Q2 2023 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.
Guidewire Software (NYSE:GWRE – Get Rating) last announced its quarterly earnings data on Tuesday, December 6th. The technology company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.13. Guidewire Software had a negative return on equity of 10.64% and a negative net margin of 23.57%. The firm had revenue of $195.28 million for the quarter, compared to analysts’ expectations of $190.49 million. On average, analysts expect Guidewire Software to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Guidewire Software Trading Down 2.1 %
Shares of NYSE GWRE opened at $69.81 on Monday. The stock’s 50 day moving average price is $68.88 and its two-hundred day moving average price is $65.29. Guidewire Software has a 52-week low of $52.08 and a 52-week high of $97.32. The stock has a market capitalization of $5.72 billion, a P/E ratio of -29.33 and a beta of 1.23. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.33.
Insider Activity
In other news, insider James Winston King sold 1,577 shares of the stock in a transaction on Monday, December 19th. The stock was sold at an average price of $61.40, for a total transaction of $96,827.80. Following the completion of the sale, the insider now owns 39,328 shares in the company, valued at approximately $2,414,739.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider James Winston King sold 1,577 shares of the stock in a transaction on Monday, December 19th. The stock was sold at an average price of $61.40, for a total transaction of $96,827.80. Following the completion of the sale, the insider now owns 39,328 shares in the company, valued at approximately $2,414,739.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Priscilla Hung sold 9,547 shares of the stock in a transaction on 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 sale, 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 90 days, insiders sold 22,063 shares of company stock worth $1,436,772. Insiders own 0.30% of the company’s stock.
Institutional Trading of Guidewire Software
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 0.7% in the third quarter. Vanguard Group Inc. now owns 7,765,647 shares of the technology company’s stock valued at $478,209,000 after purchasing an additional 57,277 shares in the last quarter. Norges Bank acquired a new position in shares of Guidewire Software in the fourth quarter worth $47,584,000. Charles Schwab Investment Management Inc. increased its stake in shares of Guidewire Software by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 506,199 shares of the technology company’s stock worth $31,668,000 after acquiring an additional 15,198 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Guidewire Software by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 330,673 shares of the technology company’s stock worth $31,290,000 after acquiring an additional 6,367 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Guidewire Software by 10.7% in the second quarter. Legal & General Group Plc now owns 291,146 shares of the technology company’s stock worth $20,669,000 after acquiring an additional 28,189 shares during the last quarter.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Guidewire Software in a report on Monday, January 23rd. They set a “buy” rating and a $88.00 target price for the company. Citigroup lowered their target price on Guidewire Software from $79.00 to $67.00 in a report on Wednesday, December 7th. Robert W. Baird lowered their target price on Guidewire Software to $75.00 in a report on Monday, December 12th. JPMorgan Chase & Co. started coverage on Guidewire Software in a report on Thursday, December 1st. They set an “overweight” rating and a $78.00 target price for the company. Finally, BTIG Research decreased their price objective on Guidewire Software from $105.00 to $90.00 in a report on Wednesday, December 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $82.55.
About Guidewire Software
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.