Guidewire Software (GWRE) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Guidewire Software (NYSE:GWRE) announced its quarterly earnings results on Tuesday. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.18, Morningstar.com reports. The firm had revenue of $179.70 million for the quarter, compared to analyst estimates of $162.24 million. Guidewire Software had a positive return on equity of 3.38% and a negative net margin of 0.72%. The business’s revenue for the quarter was up 66.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share.

GWRE opened at $89.72 on Thursday. Guidewire Software has a 1 year low of $70.06 and a 1 year high of $107.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.43 and a current ratio of 5.43. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 996.89, a P/E/G ratio of 43.98 and a beta of 1.29.

In other Guidewire Software news, CEO Marcus Ryu sold 15,935 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $105.31, for a total value of $1,678,114.85. Following the completion of the sale, the chief executive officer now owns 16,098 shares of the company’s stock, valued at $1,695,280.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 400 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $107.10, for a total value of $42,840.00. Following the completion of the sale, the director now directly owns 8,993 shares of the company’s stock, valued at approximately $963,150.30. The disclosure for this sale can be found here. Insiders sold 68,359 shares of company stock worth $6,739,456 in the last quarter. 0.69% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter worth about $114,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Guidewire Software in the second quarter worth about $142,000. Parallel Advisors LLC boosted its holdings in Guidewire Software by 290.8% in the third quarter. Parallel Advisors LLC now owns 1,794 shares of the technology company’s stock worth $181,000 after acquiring an additional 1,335 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Guidewire Software in the third quarter worth about $202,000. Finally, Halsey Associates Inc. CT acquired a new stake in Guidewire Software in the third quarter worth about $202,000.

Several research firms have issued reports on GWRE. DA Davidson set a $118.00 target price on Guidewire Software and gave the company a “buy” rating in a research note on Wednesday. ValuEngine upgraded Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 1st. Zacks Investment Research reiterated a “hold” rating on shares of Guidewire Software in a research note on Tuesday, November 13th. TheStreet lowered Guidewire Software from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Finally, Deutsche Bank lowered Guidewire Software from a “buy” rating to a “hold” rating and cut their target price for the company from $110.00 to $105.00 in a research note on Monday, October 8th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software has a consensus rating of “Buy” and an average target price of $109.90.

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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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