Fintel reports that on September 8, 2023, Baird maintained coverage of Guidewire Software (NYSE:GWRE) with a Neutral recommendation.
Analyst Price Forecast Suggests 8.00% Downside
As of August 31, 2023, the average one-year price target for Guidewire Software is 86.62. The forecasts range from a low of 65.65 to a high of $99.75. The average price target represents a decrease of 8.00% from its latest reported closing price of 94.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Guidewire Software is 909MM, an increase of 0.45%. The projected annual non-GAAP EPS is -0.04.
What is the Fund Sentiment?
There are 687 funds or institutions reporting positions in Guidewire Software. This is a decrease of 2 owner(s) or 0.29% in the last quarter. Average portfolio weight of all funds dedicated to GWRE is 0.44%, a decrease of 7.40%. Total shares owned by institutions increased in the last three months by 2.02% to 98,129K shares. 
The put/call ratio of GWRE is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
Bamco holds 6,202K shares representing 7.61% ownership of the company. In it's prior filing, the firm reported owning 6,106K shares, representing an increase of 1.54%. The firm decreased its portfolio allocation in GWRE by 13.13% over the last quarter.
Stockbridge Partners holds 4,706K shares representing 5.78% ownership of the company. In it's prior filing, the firm reported owning 4,461K shares, representing an increase of 5.21%. The firm decreased its portfolio allocation in GWRE by 13.89% over the last quarter.
Brown Capital Management holds 2,939K shares representing 3.61% ownership of the company. In it's prior filing, the firm reported owning 3,025K shares, representing a decrease of 2.95%. The firm decreased its portfolio allocation in GWRE by 14.51% over the last quarter.
Wasatch Advisors holds 2,933K shares representing 3.60% ownership of the company. In it's prior filing, the firm reported owning 2,577K shares, representing an increase of 12.14%. The firm increased its portfolio allocation in GWRE by 2.63% over the last quarter.
Route One Investment Company holds 2,866K shares representing 3.52% ownership of the company. In it's prior filing, the firm reported owning 2,796K shares, representing an increase of 2.42%. The firm decreased its portfolio allocation in GWRE by 9.71% over the last quarter.
Guidewire Software Background Information
(This description is provided by the company.)
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. Guidewire combines digital, core, analytics, and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to its customers, Guidewire continually evolves to enable their success. With 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry, its marketplace provides hundreds of applications that accelerate integration, localization, and innovation.
Additional reading:
- Guidewire Announces Fourth Quarter and Fiscal Year 2023 Financial Results
- Guidewire Announces Third Quarter Fiscal Year 2023 Financial Results
- GUIDEWIRE SOFTWARE, INC. AMENDED AND RESTATED 2020 STOCK PLAN
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