Guidewire Software Inc (GWRE) Expected to Post Quarterly Sales of $154.27 Million

Brokerages predict that Guidewire Software Inc (NYSE:GWRE) will post sales of $154.27 million for the current quarter, according to Zacks. Six analysts have made estimates for Guidewire Software’s earnings, with estimates ranging from $153.08 million to $155.36 million. Guidewire Software posted sales of $115.62 million during the same quarter last year, which would indicate a positive year over year growth rate of 33.4%. The company is expected to report its next earnings report on Thursday, March 1st.

On average, analysts expect that Guidewire Software will report full year sales of $154.27 million for the current financial year, with estimates ranging from $636.00 million to $641.00 million. For the next financial year, analysts expect that the business will report sales of $753.13 million per share, with estimates ranging from $726.00 million to $788.80 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Guidewire Software.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The business had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS.

A number of research firms have recently commented on GWRE. DA Davidson began coverage on Guidewire Software in a research note on Friday, February 2nd. They issued a “buy” rating and a $92.00 price objective on the stock. TheStreet downgraded Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. Deutsche Bank reissued a “buy” rating and issued a $85.00 price objective on shares of Guidewire Software in a research note on Thursday, November 30th. Citigroup set a $85.00 price objective on Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research downgraded Guidewire Software from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software currently has an average rating of “Buy” and a consensus target price of $81.30.

In other news, CFO Richard Hart sold 1,114 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $72.80, for a total transaction of $81,099.20. Following the sale, the chief financial officer now directly owns 4,776 shares of the company’s stock, valued at $347,692.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Guy Dubois sold 1,026 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $74.15, for a total value of $76,077.90. Following the sale, the director now directly owns 10,113 shares in the company, valued at $749,878.95. The disclosure for this sale can be found here. Insiders have sold 98,909 shares of company stock worth $7,407,998 over the last ninety days. 0.69% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of Guidewire Software by 11.6% during the fourth quarter. Sterling Capital Management LLC now owns 67,752 shares of the technology company’s stock worth $5,031,000 after purchasing an additional 7,036 shares during the period. Segall Bryant & Hamill LLC grew its holdings in shares of 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 buying an additional 34,784 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in shares of 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 buying an additional 1,128 shares in the last quarter. Weitz Investment Management Inc. grew its holdings in shares of Guidewire Software by 160.0% during the fourth quarter. Weitz Investment Management Inc. now owns 65,000 shares of the technology company’s stock valued at $4,827,000 after buying an additional 40,000 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Guidewire Software by 101.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,762 shares of the technology company’s stock valued at $354,000 after buying an additional 2,402 shares in the last quarter.

Shares of Guidewire Software (NYSE:GWRE) opened at $82.55 on Wednesday. Guidewire Software has a 12 month low of $54.34 and a 12 month high of $83.52. The company has a market capitalization of $6,220.00, a price-to-earnings ratio of 330.20, a PEG ratio of 139.07 and a beta of 1.13.

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About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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