Guidewire Software (GWRE) Projected to Announce Earnings on Thursday

Guidewire Software (NYSE:GWRE) is anticipated to issue 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Guidewire Software Trading Up 0.7 %

Shares of GWRE stock opened at $200.88 on Thursday. The stock has a 50 day simple moving average of $192.03 and a 200-day simple moving average of $182.60. Guidewire Software has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 558.00, a PEG ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Oppenheimer lifted their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One research 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction on 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 completion of the sale, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,956 shares of company stock valued at $7,105,255. Company insiders own 0.48% of the company’s stock.

Guidewire Software Company Profile

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.