Equities analysts expect Guidewire Software Inc (NYSE:GWRE) to post earnings of $0.19 per share for the current 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 posted earnings per share of $0.28 in the same quarter last year, which would suggest a negative year over year growth rate of 32.1%. The company is expected to report its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Guidewire Software will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.86 to $0.90. For the next fiscal year, analysts anticipate 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 sell-side research analysts that that provide coverage for Guidewire Software.

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

Several research firms recently weighed in on GWRE. Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Deutsche Bank reiterated a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $86.00 target price on shares of Guidewire Software in a research note on Friday, September 29th. Finally, Citigroup set a $85.00 target price on shares of Guidewire Software and gave the company a “buy” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software presently has a consensus rating of “Buy” and an average target price of $80.11.

In other news, Director Andrew William Fraser Brown sold 2,585 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $77.26, for a total transaction of $199,717.10. Following the completion of the sale, the director now owns 3,846 shares of the company’s stock, valued at $297,141.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marcus Ryu sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $78.80, for a total transaction of $1,970,000.00. Following the sale, the chief executive officer now directly owns 114,178 shares of the company’s stock, valued at approximately $8,997,226.40. The disclosure for this sale can be found here. Insiders sold 102,726 shares of company stock valued at $7,704,463 in the last three months. Company insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in shares of Guidewire Software by 2,270.8% during the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after buying an additional 1,476 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after buying an additional 794 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $161,000. The Manufacturers Life Insurance Company grew its stake in shares of Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock valued at $151,000 after purchasing an additional 150 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Guidewire Software during the third quarter valued at approximately $200,000.

Shares of Guidewire Software (NYSE:GWRE) opened at $75.45 on Wednesday. Guidewire Software has a one year low of $51.00 and a one year high of $83.52. The firm has a market cap of $5,690.00, a PE ratio of 301.80, a P/E/G ratio of 87.78 and a beta of 1.17.

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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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