Guidewire Software (NYSE:GWRE) Releases Quarterly Earnings Results

Guidewire Software (NYSE:GWRE) released its earnings results on Thursday. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.33, Briefing.com reports. The company had revenue of $157.00 million during the quarter, compared to analyst estimates of $151.75 million. Guidewire Software had a return on equity of 3.37% and a net margin of 2.87%. Guidewire Software’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share.

NYSE:GWRE opened at $119.33 on Friday. Guidewire Software has a 52-week low of $73.82 and a 52-week high of $123.60. The stock has a fifty day moving average of $115.89 and a 200 day moving average of $105.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.75 and a current ratio of 5.75. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 189.41, a P/E/G ratio of 51.79 and a beta of 1.18.

GWRE has been the topic of a number of recent research reports. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Stifel Nicolaus lifted their price objective on Guidewire Software from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 27th. ValuEngine cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson raised their price objective on shares of Guidewire Software to $125.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $108.17.

In related news, insider Steven P. Sherry sold 4,612 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $106.78, for a total value of $492,469.36. Following the completion of the sale, the insider now directly owns 5,605 shares in the company, valued at $598,501.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 4,188 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $104.09, for a total transaction of $435,928.92. Following the completion of the sale, the insider now owns 4,306 shares of the company’s stock, valued at approximately $448,211.54. The disclosure for this sale can be found here. Insiders sold a total of 87,709 shares of company stock worth $9,380,252 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Guidewire Software Company Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Earnings History for Guidewire Software (NYSE:GWRE)

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