Guidewire Software (NYSE:GWRE) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

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

Shares of GWRE stock traded down $6.17 on Friday, hitting $113.16. The stock had a trading volume of 771,626 shares, compared to its average volume of 753,367. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.75 and a quick ratio of 5.75. The firm has a market capitalization of $10.06 billion, a P/E ratio of 179.62, a P/E/G ratio of 51.79 and a beta of 1.18. Guidewire Software has a 1 year low of $73.82 and a 1 year high of $123.60. The company’s 50 day moving average price is $115.89 and its 200-day moving average price is $105.04.

In related news, Director Andrew William Fraser Brown sold 2,800 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $107.08, for a total value of $299,824.00. Following the sale, the director now owns 3,137 shares in the company, valued at approximately $335,909.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marcus Ryu sold 49,982 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $106.78, for a total value of $5,337,077.96. Following the completion of the sale, the director now owns 50,233 shares in the company, valued at approximately $5,363,879.74. The disclosure for this sale can be found here. Insiders sold a total of 87,709 shares of company stock worth $9,380,252 in the last quarter. Company insiders own 0.37% of the company’s stock.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Guidewire Software from $122.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson upped their price target on Guidewire Software to $125.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. ValuEngine lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus upped their price target on Guidewire Software from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.17.

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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