Equities analysts expect Guidewire Software (NYSE:GWRE) to post sales of $137.46 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Guidewire Software’s earnings. The lowest sales estimate is $136.75 million and the highest is $138.14 million. Guidewire Software posted sales of $123.44 million during the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The firm is expected to report its next earnings results on Thursday, June 7th.
According to Zacks, analysts expect that Guidewire Software will report full-year sales of $648.94 million for the current year, with estimates ranging from $647.00 million to $655.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $763.27 million per share, with estimates ranging from $756.07 million to $782.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Guidewire Software.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.14. Guidewire Software had a positive return on equity of 2.54% and a negative net margin of 5.09%. The firm had revenue of $163.80 million during the quarter, compared to analyst estimates of $154.34 million. During the same period last year, the company posted $0.28 EPS. The business’s quarterly revenue was up 41.7% on a year-over-year basis.
Several research firms have recently weighed in on GWRE. DA Davidson set a $100.00 price objective on Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, March 8th. KeyCorp reissued a “buy” rating and issued a $91.00 price objective on shares of Guidewire Software in a research report on Wednesday, March 7th. ValuEngine raised Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. William Blair reissued an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded Guidewire Software from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $85.44.
GWRE stock opened at $81.86 on Friday. Guidewire Software has a 1-year low of $58.41 and a 1-year high of $92.65. The stock has a market capitalization of $6,169.14, a PE ratio of 255.81 and a beta of 1.05.
In other Guidewire Software news, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $77.99, for a total transaction of $46,794.00. Following the completion of the transaction, the director now owns 10,893 shares in the company, valued at approximately $849,545.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $79.07, for a total value of $1,581,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,267 shares of company stock valued at $6,369,026. 0.69% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in GWRE. The Manufacturers Life Insurance Company boosted its stake in Guidewire Software by 7.3% during the 2nd 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. BNP Paribas Arbitrage SA boosted its stake in Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock valued at $158,000 after purchasing an additional 794 shares during the last quarter. Legal & General Group Plc boosted its stake in Guidewire Software by 14.8% during the 3rd quarter. Legal & General Group Plc now owns 31,258 shares of the technology company’s stock valued at $2,434,000 after purchasing an additional 4,023 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Guidewire Software by 6.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 327,094 shares of the technology company’s stock valued at $25,468,000 after purchasing an additional 19,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Guidewire Software by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 215,189 shares of the technology company’s stock valued at $16,754,000 after purchasing an additional 1,643 shares during 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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