Analysts Expect Guidewire Software (GWRE) Will Post Quarterly Sales of $137.46 Million

Analysts forecast that Guidewire Software (NYSE:GWRE) will announce sales of $137.46 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Guidewire Software’s earnings, with the highest sales estimate coming in at $138.14 million and the lowest estimate coming in at $136.75 million. Guidewire Software posted sales of $123.44 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The firm is expected to issue its next earnings report on Thursday, June 7th.

On average, analysts expect that Guidewire Software will report full year sales of $137.46 million for the current financial year, with estimates ranging from $647.00 million to $655.00 million. For the next financial year, analysts expect that the firm will report sales of $763.27 million per share, with estimates ranging from $756.07 million to $782.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Guidewire Software.

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Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, March 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $154.34 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Guidewire Software’s revenue was up 41.7% on a year-over-year basis.

A number of equities analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Guidewire Software in a report on Wednesday, March 7th. Stifel Nicolaus boosted their price target on Guidewire Software from $78.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, March 7th. KeyCorp reissued a “buy” rating and issued a $91.00 price target on shares of Guidewire Software in a report on Wednesday, March 7th. DA Davidson set a $100.00 price target on Guidewire Software and gave the stock a “buy” rating in a report on Thursday, March 8th. Finally, Zacks Investment Research raised Guidewire Software from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.90.

In related news, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $74.06, for a total value of $1,481,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Conway sold 400 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $86.52, for a total value of $34,608.00. Following the completion of the transaction, the director now owns 10,193 shares of the company’s stock, valued at $881,898.36. The disclosure for this sale can be found here. Insiders sold 84,011 shares of company stock valued at $6,633,919 over the last quarter. Insiders own 0.69% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new stake in Guidewire Software during the fourth quarter valued at about $505,000. Sterling Capital Management LLC grew its position in Guidewire Software by 11.6% during the fourth quarter. Sterling Capital Management LLC now owns 67,752 shares of the technology company’s stock valued at $5,031,000 after acquiring an additional 7,036 shares during the period. Segall Bryant & Hamill LLC grew its position in Guidewire Software by 4.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock valued at $55,167,000 after acquiring an additional 34,784 shares during the period. DF Dent & Co. Inc. grew its position in Guidewire Software by 6.3% during the fourth quarter. DF Dent & Co. Inc. now owns 19,053 shares of the technology company’s stock valued at $1,415,000 after acquiring an additional 1,128 shares during the period. Finally, Weitz Investment Management Inc. boosted its position in shares of Guidewire Software by 160.0% in the fourth quarter. Weitz Investment Management Inc. now owns 65,000 shares of the technology company’s stock worth $4,827,000 after buying an additional 40,000 shares during the period.

Shares of NYSE GWRE traded up $1.62 during trading on Tuesday, reaching $80.83. The company had a trading volume of 554,816 shares, compared to its average volume of 928,239. Guidewire Software has a twelve month low of $55.26 and a twelve month high of $92.65. The stock has a market cap of $6,091.51, a price-to-earnings ratio of 202.08 and a beta of 1.08.

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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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