Guidewire Software (GWRE) Releases FY18 Earnings Guidance

Guidewire Software (NYSE:GWRE) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.82-0.90 for the period, compared to the Thomson Reuters consensus estimate of $0.88. The company issued revenue guidance of $631-641 million, compared to the consensus revenue estimate of $639.21 million.Guidewire Software also updated its Q2 guidance to $0.17-0.21 EPS.

A number of research firms have recently issued reports on GWRE. Zacks Investment Research lowered shares of Guidewire Software from a hold rating to a sell rating in a research note on Monday. KeyCorp reiterated a buy rating and set a $86.00 price objective on shares of Guidewire Software in a research note on Friday, September 29th. BidaskClub lowered shares of Guidewire Software from a strong-buy rating to a buy rating in a research note on Wednesday, October 18th. Deutsche Bank reiterated a buy rating and set a $85.00 price objective (up previously from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. Finally, TheStreet lowered shares of Guidewire Software from a b rating to a c+ rating in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $80.11.

Shares of Guidewire Software (GWRE) traded up $0.12 during trading hours on Tuesday, hitting $77.20. 375,917 shares of the company were exchanged, compared to its average volume of 553,133. The company has a market capitalization of $5,810.00, a price-to-earnings ratio of 308.80, a PEG ratio of 87.43 and a beta of 1.17. Guidewire Software has a fifty-two week low of $50.63 and a fifty-two week high of $83.52.

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

In related news, insider Scott Roza sold 782 shares of Guidewire Software stock in a transaction on Monday, October 16th. The shares were sold at an average price of $78.51, for a total value of $61,394.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction on Monday, October 16th. The stock was sold at an average price of $78.51, for a total transaction of $47,106.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,353 shares of company stock valued at $7,600,168. Insiders own 0.69% of the company’s stock.

An institutional investor recently raised its position in Guidewire Software stock. The Manufacturers Life Insurance Company raised its holdings in shares of Guidewire Software Inc (NYSE:GWRE) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,205 shares of the technology company’s stock after purchasing an additional 150 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Guidewire Software were worth $151,000 as of its most recent SEC filing.

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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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