Equities research analysts expect that Guidewire Software (NYSE:GWRE) will report earnings per share of ($0.01) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Guidewire Software’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.02). Guidewire Software reported earnings of $0.16 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 106.3%. The business is scheduled to report its next quarterly earnings report on Thursday, June 7th.
According to Zacks, analysts expect that Guidewire Software will report full year earnings of $1.01 per share for the current year, with EPS estimates ranging from $0.99 to $1.04. For the next financial year, analysts forecast that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.18 to $1.49. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Guidewire Software.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.14. The business had revenue of $163.80 million during the quarter, compared to analyst estimates of $154.34 million. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share.
A number of equities analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating and issued a $91.00 price target on shares of Guidewire Software in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Piper Jaffray restated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday, March 14th. DA Davidson set a $100.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Stifel Nicolaus upped their target price on shares of Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and an average target price of $85.44.
Shares of GWRE traded up $1.04 during mid-day trading on Wednesday, reaching $86.79. The stock had a trading volume of 585,070 shares, compared to its average volume of 627,693. The firm has a market cap of $6,236.97, a P/E ratio of 216.98 and a beta of 1.05. Guidewire Software has a 12 month low of $58.87 and a 12 month high of $92.65.
In related news, CFO Richard Hart sold 375 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $77.39, for a total transaction of $29,021.25. Following the sale, the chief financial officer now owns 3,819 shares of the company’s stock, valued at $295,552.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $79.07, for a total transaction of $1,581,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,297 shares of company stock valued at $6,374,404. 0.69% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. purchased a new stake in Guidewire Software during the fourth quarter valued at $2,230,000. Teachers Retirement System of The State of Kentucky raised its stake in Guidewire Software by 7.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 44,984 shares of the technology company’s stock valued at $3,341,000 after purchasing an additional 2,948 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Guidewire Software by 4.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock valued at $55,167,000 after purchasing an additional 34,784 shares in the last quarter. California Public Employees Retirement System raised its stake in Guidewire Software by 12.3% during the third quarter. California Public Employees Retirement System now owns 99,256 shares of the technology company’s stock valued at $7,728,000 after purchasing an additional 10,856 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in Guidewire Software by 41.8% during the fourth quarter. Pinebridge Investments L.P. now owns 53,011 shares of the technology company’s stock valued at $3,937,000 after purchasing an additional 15,625 shares in the last quarter.
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About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty insurers. It offers Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers. The company's products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a lifecycle management application; Guidewire BillingCenter, manages billing, payment plans, agent commissions, and external payment systems; and Guidewire Underwriting Management, a cloud-based underwriting application.
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