Zacks: Analysts Anticipate Guidewire Software Inc (NYSE:GWRE) Will Post Quarterly Sales of $205.01 Million

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Equities research analysts expect Guidewire Software Inc (NYSE:GWRE) to report sales of $205.01 million for the current quarter, according to Zacks. Five analysts have issued estimates for Guidewire Software’s earnings, with estimates ranging from $202.78 million to $207.34 million. Guidewire Software reported sales of $248.64 million during the same quarter last year, which would suggest a negative year over year growth rate of 17.5%. The company is expected to issue its next quarterly earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that Guidewire Software will report full-year sales of $0.00 for the current year. For the next fiscal year, analysts expect that the firm will post sales of $801.23 million, with estimates ranging from $788.80 million to $818.66 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 4th. The technology company reported $0.18 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $155.23 million. During the same period in the prior year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year.

GWRE has been the subject of several recent analyst reports. 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. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, ValuEngine cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $106.56.

GWRE traded up $0.15 during trading on Friday, hitting $94.90. The stock had a trading volume of 11,219 shares, compared to its average volume of 596,059. The company has a market capitalization of $7.63 billion, a PE ratio of 1,054.00, a PEG ratio of 28.78 and a beta of 1.18. Guidewire Software has a twelve month low of $73.82 and a twelve month high of $109.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.38 and a current ratio of 6.38. The stock has a 50 day simple moving average of $100.53 and a two-hundred day simple moving average of $98.77.

In other Guidewire Software news, insider Steven P. Sherry sold 4,716 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $100.52, for a total value of $474,052.32. Following the completion of the transaction, the insider now owns 3,268 shares of the company’s stock, valued at $328,499.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Priscilla Hung sold 3,535 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $100.46, for a total transaction of $355,126.10. Following the completion of the transaction, the chief operating officer now directly owns 7,828 shares of the company’s stock, valued at approximately $786,400.88. The disclosure for this sale can be found here. Insiders have sold 38,702 shares of company stock worth $3,799,748 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Meritage Group LP purchased a new stake in shares of Guidewire Software in the 1st quarter valued at approximately $109,020,000. Brown Capital Management LLC boosted its holdings in Guidewire Software by 13.1% in the second quarter. Brown Capital Management LLC now owns 3,730,434 shares of the technology company’s stock worth $378,191,000 after purchasing an additional 431,969 shares during the period. MIG Capital LLC acquired a new position in Guidewire Software in the second quarter worth $42,526,000. Nuveen Asset Management LLC acquired a new position in Guidewire Software in the second quarter worth $25,192,000. Finally, Wasatch Advisors Inc. boosted its holdings in Guidewire Software by 31.1% in the first quarter. Wasatch Advisors Inc. now owns 1,005,733 shares of the technology company’s stock worth $97,717,000 after purchasing an additional 238,659 shares during the period.

About Guidewire Software

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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