Guidewire Software (GWRE) Announces Earnings Results, Beats Expectations By $0.06 EPS

Guidewire Software (NYSE:GWRE) posted its earnings results on Tuesday. The technology company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06, Bloomberg Earnings reports. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. The company had revenue of $140.47 million during the quarter, compared to analysts’ expectations of $137.31 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Guidewire Software’s revenue for the quarter was up 13.8% compared to the same quarter last year. Guidewire Software updated its Q4 guidance to $0.72-0.77 EPS.

NYSE GWRE opened at $93.92 on Wednesday. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 234.80 and a beta of 1.06. Guidewire Software has a 12-month low of $64.05 and a 12-month high of $96.19.

In related news, insider Steven P. Sherry sold 4,783 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $84.18, for a total transaction of $402,632.94. Following the completion of the transaction, the insider now owns 7,255 shares of the company’s stock, valued at $610,725.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig Conway sold 400 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $89.72, for a total transaction of $35,888.00. Following the transaction, the director now directly owns 9,793 shares of the company’s stock, valued at approximately $878,627.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,887 shares of company stock valued at $4,350,325. Corporate insiders own 0.69% of the company’s stock.

A number of equities research analysts recently commented on GWRE shares. ValuEngine raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Piper Jaffray Companies increased their target price on shares of Guidewire Software to $100.00 and gave the company an “overweight” rating in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $78.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, DA Davidson set a $100.00 target price on shares of Guidewire Software and gave the company a “buy” rating in a research report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $91.78.

Guidewire Software Company Profile

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.

Earnings History for Guidewire Software (NYSE:GWRE)

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