WallStreetZenWallStreetZen

How to Buy Guidewire Software Stock

Guidewire Software Inc

Guidewire Software is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker GWRE on the NYSE exchange.

Guidewire Software stock last closed at $116.71, up 1.13% from the previous day, and has increased 52.68% in one year. It has overperformed other stocks in the Software - Application industry by 0.15 percentage points. Guidewire Software stock is currently +70.5% from its 52-week low of $68.45, and -4.61% from its 52-week high of $122.35.

There are currently 83.32M GWRE shares outstanding. The market value of GWRE is $9.72B. In the last 24 hours, 406,985 GWRE shares were traded.

How to Buy Guidewire Software Stock

Wondering how to invest in Guidewire Software stock? Here's how.
  1. Choose where to buy Guidewire Software stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Guidewire Software stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Select your payment method and add your information.
  4. Evaluate Guidewire Software stock: The Guidewire Software ticker symbol is GWRE. Is Guidewire Software stock a good investment? Should you buy shares of GWRE? How do GWRE's underlying business fundamentals look? Do top analysts think Guidewire Software is a good buy? Why has GWRE's stock price moved recently? (Hint: Our stock research tools can help you decide if GWRE is a good stock to buy).
  5. Place your GWRE trade: Decide if you will purchase GWRE shares at the current market price or use a limit order to purchase GWRE stock at a particular price.
  6. Watch your GWRE position: Create a watchlist to important updates regarding your position in Guidewire Software shares.

Step 1: Choose where to buy Guidewire Software stock

You will need an online brokerage account in order to access the NYSE market and buy GWRE stock.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

We believe that eToro is the best stock brokerage. Here's why:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
  • Access to global financial markets: From Tech to Financial Services, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of shares by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open a brokerage account

Now that you've picked your brokerage, you'll need to fill out some personal info so you can buy GWRE today.

How to Create a New Investment Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal info to start a new trading account.
  1. Send your application by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your brokerage account

Now that you have opened your account on mobile trading apps, your next step is to transfer the money for your investment:

Watch the tutorial below if you need help depositing money into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Guidewire Software stock

Once you have selected the best place to buy Guidewire Software stock, it's critical to evaluate their stock before you buy, so you truly understand the risk and upside.

Guidewire Software stock quick numbers

GWRE Price
$116.71
1w %
2.84%
1y %
52.68%
5y %
21.86%
P/E
-188.24x
P/B
7.74x
P/S
10.35x
PEG
N/A
Revenue
$925.75M
Earnings
-$50.73M
Fore. Rev. Growth
8.63%
Fore. Earn. Growth
N/A
Market Cap
$9.72B
Next Earnings
N/A
Next Dividend
N/A

GWRE Due Diligence Checks

WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on GWRE's stock page.

Is GWRE stock undervalued or overvalued?

You can use many financial metrics, analyses, models, and charts to gauge GWRE's true value.

Using relative valuations ratios:

  • GWRE could be overvalued based on its P/B ratio of 7.74x, relative to Software - Application industry P/B ratio of 6.92x

You can do more valuation analysis on GWRE's stock here.

How do GWRE Financials look?

Pros:

  • There are more short-term assets than long-term liabilities on the GWRE balance sheet.
  • There are more short-term assets than short-term liabilities on the GWRE balance sheet.
  • GWRE's operating cash flow of $121.78M allows it to safely service it's debt of $437.11M.
  • GWRE profit margin has gone up from -19.2% to -5.5% in the past year.

Cons:

  • GWRE has a relatively high debt to equity ratio of 0.6.
  • Total GWRE debt is higher than 5 years ago, relative to shareholder equity.
  • GWRE earnings of -$65.36M is not sufficient to cover its interest payments.

Do analysts think it's a good time to buy Guidewire Software stock

Out of 11 sell side analysts who give forecasts on GWRE, the consensus analyst rating on GWRE is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

Latest GWRE Analyst Upgrades/Downgrades

Ken Wong, a top 16% analyst from Oppenheimer reiterates GWRE with a buy rating and maintains their GWRE price target from $130.00 to $130.00, on Mar 8, 2024.

Michael Turrin, a top 25% analyst from Wells Fargo maintains GWRE with a strong buy rating and raises their GWRE price target from $120.00 to $130.00, on Mar 8, 2024.

Wells Fargo's Michael Turrin raised their price target on Guidewire Software (NYSE: GWRE) by 8.3% from $120 to $130 on 2024/03/08. The analyst maintained their Strong Buy rating on the stock.

Q2 showed "continued progress on the company's cloud transition," Turrin said in response to Guidewire Software's Q2 2024 earnings report, released on 2024/03/07.

Wells Fargo continues to be "confident that the company is turning a corner," the analyst added.

Earnings Report

For Q2 2024, Guidewire Software reported:

  • EPS of $0.46, which beat the Zacks Consensus Estimate of $0.21 and, by 319%, Q2 2023's loss per share of $0.21.
  • Revenue of $240.9M, which was in line with the Zacks Consensus Estimate but beat Q2 2022 by 4%.
  • Annual Recurring Revenue (ARR) of $800M.
  • Operating loss of $12.4M, compared to Q2 2023's loss from operations of $23.2M.
  • Non-GAAP operating income of $25.7M, compared to Q2 2023's $15.1M.

Management guided:

For Q3 2024:

  • Revenue of $228M to $234M.
  • ARR of $815M to $820M.
  • Operating loss of $34M to $28M.
  • Non-GAAP operating income of $4M to $10M.

For FY 2024:

  • Revenue of $957M to $967M.
  • ARR of $852M to $862M.
  • Operating loss of $71M to $61M.
  • Non-GAAP operating income of $82M to $92M.
  • Operating cash flow of $120M to $140M.

CEO Mike Rosenbaum commented: “Our strong performance in Q2 was marked by eleven cloud deals, including a healthy mix of migrations, expansions, and net-new customers.

“The enthusiasm and interest we’ve seen around Guidewire Cloud Platform is a testament to our team’s hard work and our commitment to innovation and excellence.”

CFO Jeff Cooper added: “We are pleased with the continued cloud momentum, enabling us to beat and raise our ARR outlook and deliver 65% non-GAAP subscription and support gross margins in the quarter.

“Our FY 2024 revenue outlook change is due to lower expected services revenue, as we are seeing success with our SI partners leading more cloud engagements at a pace that is faster than we originally expected.

"We are maintaining our profitability outlook as strong subscription and support gross margin and operating expense discipline offset the impact of lower services revenue.”

Aaron Kimson, a bottom 37% analyst from JMP Securities maintains GWRE with a buy rating and raises their GWRE price target from $115.00 to $141.00, on Mar 8, 2024.

Joe Vruwink, a top 5% analyst from Baird maintains GWRE with a buy rating and raises their GWRE price target from $131.00 to $140.00, on Mar 7, 2024.

Alexander Sklar, a top 11% analyst from Raymond James initiates coverage on GWRE with a buy rating and announces their GWRE price target of $125.00, on Feb 1, 2024.

You can dig deeper into what analysts are forecasting on the Guidewire Software stock forecast page.

GWRE Trading Indicators

SMA10
114.11
SMA20
114.98
SMA50
115.64
SMA100
108.43
SMA200
95.92
MACD
-0.22
MACD Signal
-0.35
MACD Histogram
0.13
RSI
55.42
Stochastic %K
57.46
Stochastic %D
41.85
StochRSI %K
95.19
StochRSI %D
75.99

How is GWRE performing as a company?

Last year, GWRE revenue was $925.75M. Over the past 5 year, GWRE's revenue has gone up by 4.83% per year. This was slower than the Software - Application industry average of 27.52%.

Dig into GWRE's earnings and revenue performance here.

Who is buying/selling GWRE?

Over the past year, insiders at GWRE have sold more shares than they have bought.

Jeffrey Elliott Cooper, Chief Financial Officer of GWRE, was the latest GWRE insider to sell. They sold $231,320.56 worth of GWRE shares on Mar 20, 2024.

Get more info about who owns GWRE shares here.

Does GWRE provide a stable income stream?

No, Guidewire Software doesn't provide an income stream by paying out dividends.

What others are saying about GWRE

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Place your GWRE trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally fine.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular price limit, use a limit order.

Hit the Open Trade button and eToro will place your order.

If you want additional help buying stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Watch your GWRE position

Now that you own some GWRE stock, you'll want to keep up with your investment.

Put GWRE on a watchlist to track the latest developments regarding your GWRE stock.

GWRE Feed

How to Buy Stock in Guidewire Software

To reiterate, here are the 6 steps you need to take to buy Guidewire Software stock right now:

  1. Choose where to buy Guidewire Software stock
  2. Open a brokerage account
  3. Deposit money your brokerage account
  4. Evaluate Guidewire Software stock
  5. Place your GWRE trade
  6. Watch your GWRE position

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your new investment in Guidewire Software, create a watchlist on WallStreetZen today.

NYSE: GWRE
$116.71+1.30 (+1.13%)
Updated Mar 28, 2024
Open eToro Account
NYSE: GWRE
$116.71+1.30 (+1.13%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Guidewire Software share?

As of Mar 28, 2024, it costs $116.71 to buy one share of Guidewire Software stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.086 shares of GWRE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Guidewire Software stock?

According to 11 Wall Street analysts who monitor Guidewire Software, their consensus recommendation is to buy Guidewire Software stock.

What is the best way to buy Guidewire Software stock?

One way to place an order for Guidewire Software stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.