Here is Why Guidewire Software (GWRE) is Highly Favored by Hedge Funds

Group 1 - Guidewire Software (NYSE:GWRE) is viewed positively by hedge funds, with RBC Capital maintaining an Outperform rating and a price target of $300, indicating an 81% upside potential from current levels [1][3] - Citizens also reaffirmed a favorable outlook for Guidewire Software, assigning a Market Outperform rating and estimating the same 81% upside based on the $300 price target [3] - The company recently announced a $500 million share buyback program, which is expected to enhance capital return discipline, supported by a strong balance sheet and cash generation capabilities [2] Group 2 - Guidewire Software provides a cloud-based platform for property and casualty (P&C) insurers, offering applications like PolicyCenter, ClaimCenter, and BillingCenter to facilitate core operations [5] - The stock has underperformed relative to the Russell 3000 index over the past twelve months, currently trading at a 12% discount to the index [4]