Guidewire Software (GWRE) Set to Announce Earnings on Thursday

Guidewire Software (NYSE:GWREGet Free Report) will be announcing its earnings results after the market closes on Thursday, March 7th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Guidewire Software (NYSE:GWREGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The technology company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.06. Guidewire Software had a negative net margin of 7.59% and a negative return on equity of 7.66%. The business had revenue of $207.41 million for the quarter, compared to analysts’ expectations of $201.00 million. On average, analysts expect Guidewire Software to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Guidewire Software Stock Up 0.0 %

Guidewire Software stock opened at $120.68 on Thursday. Guidewire Software has a fifty-two week low of $68.45 and a fifty-two week high of $121.68. The stock has a market cap of $9.89 billion, a PE ratio of -142.02 and a beta of 1.15. The firm’s 50-day simple moving average is $112.88 and its 200 day simple moving average is $98.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.72 and a current ratio of 3.72.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 5,239 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $103.79, for a total value of $543,755.81. Following the transaction, the chief executive officer now owns 249,795 shares of the company’s stock, valued at approximately $25,926,223.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jeffrey Elliott Cooper sold 458 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.10, for a total value of $51,341.80. Following the completion of the sale, the chief financial officer now owns 72,386 shares of the company’s stock, valued at approximately $8,114,470.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,239 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $103.79, for a total transaction of $543,755.81. Following the completion of the sale, the chief executive officer now directly owns 249,795 shares of the company’s stock, valued at approximately $25,926,223.05. The disclosure for this sale can be found here. Insiders have sold 13,058 shares of company stock valued at $1,366,599 in the last quarter. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank purchased a new stake in Guidewire Software during the 2nd quarter valued at $180,000. First Horizon Advisors Inc. boosted its position in Guidewire Software by 66.2% during the 1st quarter. First Horizon Advisors Inc. now owns 663 shares of the technology company’s stock valued at $54,000 after buying an additional 264 shares during the period. 1832 Asset Management L.P. boosted its position in Guidewire Software by 28.1% during the 4th quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company’s stock valued at $44,000 after buying an additional 155 shares during the period. Covestor Ltd boosted its position in Guidewire Software by 1,302.8% during the 1st quarter. Covestor Ltd now owns 996 shares of the technology company’s stock valued at $94,000 after buying an additional 925 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Guidewire Software by 184.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,028 shares of the technology company’s stock worth $78,000 after purchasing an additional 666 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Raymond James assumed coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 target price on the stock. Wells Fargo & Company upgraded shares of Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. Oppenheimer upped their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Stifel Nicolaus upped their price target on shares of Guidewire Software from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, JMP Securities upped their price target on shares of Guidewire Software from $100.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.73.

Check Out Our Latest Stock Report on GWRE

Guidewire Software Company Profile

(Get Free Report)

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

Further Reading

Earnings History for Guidewire Software (NYSE:GWRE)

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