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Guidewire Software Inc (NASDAQ:GWRE) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.01-0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.00, American Banking and Market News reports. The company issued revenue guidance of $71.5-78.5 million, compared to the consensus revenue estimate of $74.84 million.Guidewire Software also updated its FY15 guidance to $0.35-0.45 EPS.

GWRE has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $52.16.

Shares of Guidewire Software Inc (NASDAQ:GWRE) traded up 0.59% during mid-day trading on Tuesday, hitting $45.82. The stock had a trading volume of 1,330,477 shares. Guidewire Software Inc has a 52-week low of $33.66 and a 52-week 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.

Guidewire Software (NASDAQ:GWRE) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.09. 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. On average, analysts predict that Guidewire Software Inc will post $0.55 earnings per share for the current fiscal year.

In other Guidewire Software news, CFO Karen Blasing sold 1,500 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $45.00, for a total value of $67,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at 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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