Wall Street analysts expect that Guidewire Software, Inc. (NYSE:GWRE) will report $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Guidewire Software’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.18. Guidewire Software reported earnings of $0.28 per share in the same quarter last year, which would indicate a negative year over year growth rate of 32.1%. The firm is scheduled to issue its next earnings results on Thursday, March 1st.

On average, analysts expect that Guidewire Software will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.86 to $0.90. For the next fiscal year, analysts expect that the business will report earnings of $1.19 per share, with EPS estimates ranging from $1.13 to $1.25. Zacks’ EPS averages are an average based on a survey of analysts that follow Guidewire Software.

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

GWRE has been the subject of a number of research reports. BidaskClub raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Piper Jaffray Companies reissued a “buy” rating and set a $80.00 price target on shares of Guidewire Software in a research note on Sunday, August 27th. Zacks Investment Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank reissued a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. Finally, Bank of America increased their price target on Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Guidewire Software currently has an average rating of “Buy” and a consensus price target of $80.11.

Guidewire Software (NYSE GWRE) opened at $73.61 on Thursday. Guidewire Software has a one year low of $49.18 and a one year high of $83.52. The company has a market capitalization of $5,547.40, a P/E ratio of 184.02, a P/E/G ratio of 83.54 and a beta of 1.18.

In other news, Director Guy Dubois sold 1,026 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $74.15, for a total value of $76,077.90. Following the sale, the director now directly owns 10,113 shares in the company, valued at $749,878.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Hart sold 375 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $77.40, for a total value of $29,025.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,084 shares of company stock worth $8,869,942. Company insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Guidewire Software by 51.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock worth $6,079,000 after purchasing an additional 30,089 shares during the period. Aperio Group LLC increased its holdings in Guidewire Software by 5.3% during the 2nd quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares during the period. First Trust Advisors LP increased its holdings in Guidewire Software by 3,290.9% during the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock worth $8,237,000 after purchasing an additional 102,677 shares during the period. BlackRock Inc. increased its holdings in Guidewire Software by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after purchasing an additional 103,707 shares during the period. Finally, Koch Industries Inc. purchased a new position in Guidewire Software during the 2nd quarter worth $304,000.

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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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