Guidewire Software (NYSE:GWRE) updated its first quarter 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $0.01-0.05 for the period. The company issued revenue guidance of $149-153 million.Guidewire Software also updated its FY 2020 guidance to $1.10-1.22 EPS.
Several research analysts have recently issued reports on the stock. ValuEngine raised shares of Guidewire Software from a hold rating to a buy rating in a research note on Wednesday. Piper Jaffray Companies raised their target price on shares of Guidewire Software from $90.00 to $100.00 and gave the company a neutral rating in a research note on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $106.56.
Guidewire Software stock traded up $1.21 during midday trading on Thursday, hitting $95.41. 876,205 shares of the stock were exchanged, compared to its average volume of 708,488. The company has a fifty day simple moving average of $97.73 and a two-hundred day simple moving average of $98.93. Guidewire Software has a 52 week low of $73.82 and a 52 week high of $109.06. The stock has a market capitalization of $7.65 billion, a PE ratio of 1,060.11, a P/E/G ratio of 28.86 and a beta of 1.17. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.21.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, June 4th. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. Guidewire Software had a net margin of 10.66% and a return on equity of 4.76%. The business had revenue of $162.90 million for the quarter, compared to analyst estimates of $155.23 million. During the same quarter last year, the firm earned $0.05 EPS. Guidewire Software’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Guidewire Software will post 0.48 EPS for the current fiscal year.
In related news, insider Steven P. Sherry sold 4,716 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $100.52, for a total transaction of $474,052.32. Following the transaction, the insider now owns 3,268 shares of the company’s stock, valued at approximately $328,499.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of Guidewire Software stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $96.54, for a total transaction of $1,930,800.00. Following the transaction, the chief executive officer now directly owns 22,404 shares in the company, valued at approximately $2,162,882.16. The disclosure for this sale can be found here. Insiders have sold a total of 38,702 shares of company stock worth $3,799,748 in the last three months. 0.69% of the stock is owned by insiders.
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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