Guidewire Software (GWRE) Projected to Post Earnings on Thursday

Guidewire Software (NYSE:GWRE) will likely be issuing its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $285.74 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Guidewire Software Stock Down 0.6 %

Shares of NYSE GWRE opened at $195.09 on Wednesday. The firm has a market capitalization of $16.29 billion, a PE ratio of 541.92, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software has a 1 year low of $107.00 and a 1 year high of $219.59. The firm’s 50-day moving average is $193.52 and its 200-day moving average is $183.96.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the sale, the president now owns 180,746 shares in the company, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,656 shares of company stock worth $7,856,836. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GWRE shares. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.