Guidewire Software (GWRE) Expected to Announce Earnings on Thursday

Guidewire Software (NYSE:GWRE) will likely be announcing its earnings results 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Guidewire Software Trading Down 2.5 %

GWRE stock opened at $196.38 on Tuesday. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 545.50, a PEG ratio of 37.21 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $193.07 and a 200-day simple moving average of $183.61. Guidewire Software has a 52 week low of $107.00 and a 52 week high of $219.59.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GWRE shares. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer upped their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group upped their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada upped their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $204.50.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Winston King sold 1,509 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,356 shares of company stock valued at $7,389,637 in the last ninety days. Insiders own 0.48% of the company’s stock.

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.