Guidewire Software (NYSE:GWRE) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Guidewire Software (NYSE:GWRE) posted its quarterly earnings data on Thursday. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08, Briefing.com reports. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Guidewire Software updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $17.79 during trading on Friday, reaching $161.72. 3,636,970 shares of the company were exchanged, compared to its average volume of 657,972. Guidewire Software has a 12-month low of $83.91 and a 12-month high of $171.74. The firm has a market capitalization of $13.37 billion, a PE ratio of -1,243.92 and a beta of 1.19. The business’s fifty day simple moving average is $144.64 and its 200-day simple moving average is $128.04.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now directly owns 139,171 shares in the company, valued at approximately $19,361,469.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock worth $1,782,775 in the last ninety days. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday. BTIG Research increased their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Citigroup increased their target price on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Finally, JMP Securities boosted their price target on Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.38.

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.