Guidewire Software (GWRE) Announces Quarterly Results
Guidewire Software (NASDAQ:GWRE) released its earnings data on Tuesday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.09, Analyst Ratings.Net reports. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $112.66 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis.
Shares of Guidewire Software (NASDAQ:GWRE) traded up 0.59% during mid-day trading on Tuesday, hitting $45.82. 1,100,410 shares of the company’s stock traded hands. Guidewire Software has a 1-year low of $33.66 and a 1-year high of $58.00. The stock has a 50-day moving average of $41.26 and a 200-day moving average of $42.97. The company’s market cap is $3.141 billion.
A number of research firms have recently commented on GWRE. Analysts at Stephens initiated coverage on shares of Guidewire Software in a research note on Tuesday, August 12th. They set an “overweight” rating on the stock. Analysts at Zacks downgraded shares of Guidewire Software from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $44.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.16.
In other Guidewire Software news, CFO Karen Blasing sold 1,500 shares of Guidewire Software stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $45.00, for a total value of $67,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Guidewire Software, Inc (NASDAQ:GWRE), is a provider of system software to the global property and casualty insurance industry.
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