Trading Report: Today, Guidewire Software Inc (GWRE) Scheduled to Post Earnings on Tuesday

Today, Guidewire Software Inc (GWRE) Scheduled to Post Earnings on Tuesday

Guidewire Software Inc (NYSE:GWRE) will announce its Q117 earnings results on Tuesday, November 29th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $87.17 million for the quarter. Guidewire Software has set its Q1 guidance at ($0.14)-($0.07) EPS and its FY17 guidance at $0.69-0.79 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. The company earned $141.18 million during the quarter, compared to the consensus estimate of $136.09 million. During the same quarter in the prior year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts expect Guidewire Software to post $0.76 EPS for the current fiscal year and $1.01 EPS for the next fiscal year.

Guidewire Software Inc (NYSE:GWRE) opened at 58.30 on Friday. The stock has a 50 day moving average price of $57.92 and a 200-day moving average price of $59.92. The company has a market cap of $4.26 billion and a price-to-earnings ratio of 291.50. Guidewire Software Inc has a 12-month low of $42.32 and a 12-month high of $64.78.

A number of brokerages recently issued reports on GWRE. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $68.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Wednesday, September 7th. JMP Securities restated a “hold” rating on shares of Guidewire Software in a report on Thursday, September 8th. TheStreet upgraded Guidewire Software from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Guidewire Software in a report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Guidewire Software currently has an average rating of “Buy” and an average target price of $69.38.

In related news, insider Scott Roza sold 782 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $61.04, for a total value of $47,733.28. Following the transaction, the insider now directly owns 3,144 shares of the company’s stock, valued at approximately $191,909.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel James Winston King sold 561 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $58.47, for a total value of $32,801.67. Following the completion of the transaction, the general counsel now directly owns 104 shares in the company, valued at $6,080.88. The disclosure for this sale can be found here.

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its position in Guidewire Software by 24.6% in the second quarter. Raymond James & Associates now owns 26,348 shares of the company’s stock valued at $1,627,000 after buying an additional 5,210 shares during the period. Axiom International Investors LLC DE boosted its position in Guidewire Software by 37.2% in the second quarter. Axiom International Investors LLC DE now owns 58,480 shares of the company’s stock valued at $3,612,000 after buying an additional 15,854 shares during the period. TIAA CREF Investment Management LLC boosted its position in Guidewire Software by 0.4% in the second quarter. TIAA CREF Investment Management LLC now owns 334,340 shares of the company’s stock valued at $20,649,000 after buying an additional 1,324 shares during the period. United Services Automobile Association boosted its position in Guidewire Software by 27.0% in the second quarter. United Services Automobile Association now owns 41,339 shares of the company’s stock valued at $2,553,000 after buying an additional 8,800 shares during the period. Finally, Credit Suisse AG boosted its position in Guidewire Software by 48.7% in the second quarter. Credit Suisse AG now owns 267,869 shares of the company’s stock valued at $16,544,000 after buying an additional 87,788 shares during the period.

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