$162.52 Million in Sales Expected for Guidewire Software Inc (GWRE) This Quarter

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Analysts predict that Guidewire Software Inc (NYSE:GWRE) will post sales of $162.52 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Guidewire Software’s earnings. The highest sales estimate is $165.00 million and the lowest is $160.97 million. Guidewire Software posted sales of $108.17 million during the same quarter last year, which suggests a positive year-over-year growth rate of 50.2%. The firm is expected to report its next earnings report on Wednesday, December 5th.

On average, analysts expect that Guidewire Software will report full-year sales of $749.67 million for the current fiscal year, with estimates ranging from $746.54 million to $760.31 million. For the next year, analysts anticipate that the company will post sales of $861.51 million, with estimates ranging from $837.88 million to $884.51 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, September 5th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. Guidewire Software had a positive return on equity of 1.83% and a negative net margin of 2.97%. The company had revenue of $248.60 million during the quarter, compared to analysts’ expectations of $238.86 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue was up 37.3% on a year-over-year basis.

Several brokerages have weighed in on GWRE. Piper Jaffray Companies lifted their price objective on Guidewire Software to $110.00 and gave the company an “overweight” rating in a report on Tuesday, August 28th. TheStreet upgraded Guidewire Software from a “c” rating to a “b-” rating in a research note on Thursday, September 6th. DA Davidson lifted their price target on Guidewire Software to $118.00 and gave the company a “buy” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Bank of America lifted their price target on Guidewire Software from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, September 21st. Finally, Stifel Nicolaus lifted their price target on Guidewire Software from $93.00 to $106.00 and gave the company a “hold” rating in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Guidewire Software has an average rating of “Buy” and a consensus price target of $108.40.

Shares of GWRE traded down $0.56 during mid-day trading on Wednesday, reaching $96.74. The company’s stock had a trading volume of 668,816 shares, compared to its average volume of 653,771. Guidewire Software has a 1-year low of $70.06 and a 1-year high of $107.79. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 1,074.89, a PEG ratio of 49.51 and a beta of 1.19. The company has a quick ratio of 5.43, a current ratio of 5.43 and a debt-to-equity ratio of 0.21.

In other Guidewire Software news, insider Steven P. Sherry sold 5,446 shares of Guidewire Software stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $103.82, for a total transaction of $565,403.72. Following the transaction, the insider now directly owns 6,868 shares of the company’s stock, valued at approximately $713,035.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig Conway sold 400 shares of Guidewire Software stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $95.28, for a total value of $38,112.00. Following the transaction, the director now directly owns 9,393 shares in the company, valued at $894,965.04. The disclosure for this sale can be found here. Insiders have sold a total of 88,630 shares of company stock worth $8,733,135 in the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GWRE. Barometer Capital Management Inc. lifted its stake in shares of Guidewire Software by 447.9% in the 3rd quarter. Barometer Capital Management Inc. now owns 52,600 shares of the technology company’s stock valued at $5,313,000 after purchasing an additional 43,000 shares during the period. Northern Trust Corp lifted its stake in shares of Guidewire Software by 6.2% in the 2nd quarter. Northern Trust Corp now owns 401,812 shares of the technology company’s stock valued at $35,673,000 after purchasing an additional 23,624 shares during the period. Mainstay Capital Management LLC ADV lifted its stake in shares of Guidewire Software by 6,463.8% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 768,951 shares of the technology company’s stock valued at $8,877,000 after purchasing an additional 757,236 shares during the period. Global X Management Co LLC lifted its stake in shares of Guidewire Software by 123.5% in the 2nd quarter. Global X Management Co LLC now owns 145,287 shares of the technology company’s stock valued at $12,899,000 after purchasing an additional 80,272 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Guidewire Software in the 2nd quarter valued at about $142,000.

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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