On Monday, Guidewire Software got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Guidewire Software is now out of buy range after clearing the 95.88 entry in a flat base.
See How IBD Helps You Make More Money In Stocks
One weak spot is the company's 73 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company posted 0% earnings-per-share growth. Sales growth came in at 6%, down from 10% in the previous quarter.
Guidewire Software earns the No. 5 rank among its peers in the Computer Software-Financial industry group. Intuit is the No. 1-ranked stock within the group.
