Guidewire Software, Inc. (NYSE:GWRE) has a beta value of 1.22 and has seen 881,624 shares traded in the last trading session. The company, currently valued at $8.82 Billion, closed the last trade at $105.63 per share which meant it gained $2.2 on the day or 2.13% during that session. The GWRE stock price is -17.54% off its 52-week high price of $124.16 and 32.18% above the 52-week low of $71.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 860.51 Million shares traded. The 3-month trading volume is 548.95 Million shares.
The consensus among analysts is that Guidewire Software, Inc. (GWRE) is an Overweight stock at the moment, with a recommendation rating of 2.5. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 14 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
Guidewire Software, Inc. (NYSE:GWRE) trade information
Sporting 2.13% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 12 when the GWRE stock price touched $117.89 or saw a rise of 10.4%. Year-to-date, Guidewire Software, Inc. shares have moved -3.77%, while the 5-day performance has seen it change -8.52%. Over the past 30 days, the shares of Guidewire Software, Inc. (NYSE:GWRE) have changed -1.43%. Short interest in the company has seen 3.2 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $124.4, which means that the shares’ value could jump 17.77% from current levels. The projected low price target is $88 while the price target rests at a high of $144. In that case, then, we find that the current price level is +36.32% off the targeted high while a plunge would see the stock lose -16.69% from current levels.
Guidewire Software, Inc. (GWRE) estimates and forecasts
Figures show that Guidewire Software, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +17.69% over the past 6 months, with this year growth rate of -91.27%, compared to -2.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -138.5% and -104.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.6%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -30.1% over the past 5 years. Earnings growth for 2020 is a modest -193.9% while over the next 5 years, the company’s earnings are expected to increase by 14%.
Guidewire Software, Inc. (NYSE:GWRE)’s Major holders
Insiders own 0.11% of the company shares, while shares held by institutions stand at 112.21% with a share float percentage of 112.34%. Investors are also buoyed by the number of investors in a company, with Guidewire Software, Inc. having a total of 514 institutions that hold shares in the company. The top two institutional holders are Wellington Management Company, LLP with over 7.83 Million shares worth more than $868.39 Million. As of June 29, 2020, Wellington Management Company, LLP held 9.38% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 7.72 Million shares as of June 29, 2020. The firm’s total holdings are worth over $855.97 Million and represent 9.25% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Principal Mid Cap Fund. As of June 29, 2020, the former fund manager holds about 3.16% shares in the company for having 2640165 shares of worth $292.66 Million while later fund manager owns 2.6 Million shares of worth $292.24 Million as of August 30, 2020, which makes it owner of about 3.12% of company’s outstanding stock.