Guidewire Software (GWRE) Issues Q2 Earnings Guidance

Guidewire Software (NYSE:GWRE) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.17-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19. The company issued revenue guidance of $152-156 million, compared to the consensus revenue estimate of $154.50 million.Guidewire Software also updated its FY18 guidance to $0.82-0.90 EPS.

GWRE has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Guidewire Software from a hold rating to a buy rating and set a $88.00 price objective for the company in a research note on Tuesday, October 17th. TheStreet cut shares of Guidewire Software from a b rating to a c+ rating in a research note on Wednesday, November 29th. Citigroup set a $85.00 price objective on shares of Guidewire Software and gave the stock a buy rating in a research note on Thursday, November 30th. BidaskClub cut shares of Guidewire Software from a strong-buy rating to a buy rating in a research note on Wednesday, October 18th. Finally, Deutsche Bank reissued a buy rating and issued a $85.00 price objective on shares of Guidewire Software in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $80.11.

Guidewire Software (NYSE GWRE) opened at $79.45 on Thursday. Guidewire Software has a 12-month low of $51.00 and a 12-month high of $83.52. The company has a market cap of $5,987.52, a PE ratio of 294.26, a price-to-earnings-growth ratio of 90.16 and a beta of 1.17.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. analysts anticipate that Guidewire Software will post 0.06 earnings per share for the current year.

In related news, Director Craig Conway sold 600 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $77.99, for a total value of $46,794.00. Following the completion of the transaction, the director now directly owns 10,893 shares in the company, valued at approximately $849,545.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the transaction, the chief executive officer now owns 76,178 shares of the company’s stock, valued at $5,580,800.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,534 shares of company stock worth $5,797,441. 0.69% of the stock is owned by insiders.

An institutional investor recently raised its position in Guidewire Software stock. The Manufacturers Life Insurance Company lifted its position in Guidewire Software Inc (NYSE:GWRE) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,205 shares of the technology company’s stock after purchasing an additional 150 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Guidewire Software were worth $151,000 at the end of the most recent reporting period.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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