Guidewire Software (NYSE:GWRE) Posts Quarterly Earnings Results, Beats Expectations By $0.29 EPS

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Guidewire Software (NYSE:GWRE) released its quarterly earnings data on Thursday. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.27 by $0.29, Briefing.com reports. Guidewire Software had a net margin of 2.87% and a return on equity of 3.40%. The business had revenue of $207.86 million for the quarter, compared to analyst estimates of $204.61 million. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year.

NYSE:GWRE opened at $109.41 on Friday. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 153.89, a price-to-earnings-growth ratio of 29.43 and a beta of 1.17. The company has a current ratio of 6.38, a quick ratio of 6.38 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $97.92 and its two-hundred day moving average is $99.02. Guidewire Software has a 12-month low of $73.82 and a 12-month high of $113.34.

In other Guidewire Software news, insider Steven P. Sherry sold 4,716 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $100.52, for a total value of $474,052.32. Following the transaction, the insider now directly owns 3,268 shares in the company, valued at approximately $328,499.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Priscilla Hung sold 3,535 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $100.46, for a total transaction of $355,126.10. Following the completion of the transaction, the chief operating officer now owns 7,828 shares in the company, valued at $786,400.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,702 shares of company stock worth $1,868,948. 0.69% of the stock is owned by insiders.

GWRE has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $116.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday. ValuEngine upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Piper Jaffray Companies boosted their price objective on shares of Guidewire Software from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $108.22.

About Guidewire Software

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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