Guidewire Software (NYSE:GWRE) Hits New 1-Year Low – What’s Next?

Guidewire Software, Inc. (NYSE:GWRE)’s stock price hit a new 52-week low on Thursday . The company traded as low as $113.67 and last traded at $118.4550, with a volume of 97370 shares. The stock had previously closed at $116.59.

Analysts Set New Price Targets

GWRE has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada reduced their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Citizens Jmp reduced their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company reduced their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.00.

Guidewire Software Stock Up 0.1%

The company has a current ratio of 2.44, a quick ratio of 2.93 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 63.26 and a beta of 0.93. The firm has a 50-day moving average of $138.63 and a two-hundred day moving average of $158.62.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 4,757 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $158.72, for a total transaction of $755,031.04. Following the completion of the transaction, the chief financial officer owned 67,996 shares of the company’s stock, valued at approximately $10,792,325.12. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 6,576 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total value of $1,077,543.36. Following the transaction, the president owned 135,407 shares in the company, valued at $22,187,791.02. This represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 33,679 shares of company stock valued at $5,178,014. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Guidewire Software by 4.6% during the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after acquiring an additional 49 shares during the period. Smartleaf Asset Management LLC increased its stake in Guidewire Software by 9.3% during the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after acquiring an additional 53 shares during the period. American Trust increased its stake in Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after acquiring an additional 61 shares during the period. Vident Advisory LLC increased its stake in Guidewire Software by 1.7% during the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock valued at $936,000 after acquiring an additional 70 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Guidewire Software by 18.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock valued at $102,000 after acquiring an additional 78 shares during the period.

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.