Wall Street brokerages expect Guidewire Software Inc (NYSE:GWRE) to announce $0.20 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Guidewire Software’s earnings, with estimates ranging from $0.19 to $0.21. Guidewire Software posted earnings of ($0.06) per share during the same quarter last year, which would suggest a positive year over year growth rate of 433.3%. The firm is expected to report its next earnings report on Wednesday, December 5th.

According to Zacks, analysts expect that Guidewire Software will report full-year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.19 to $1.28. For the next fiscal year, analysts forecast that the company will report earnings of $1.45 per share, with EPS estimates ranging from $1.22 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Guidewire Software.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.05. The business had revenue of $248.60 million during the quarter, compared to the consensus estimate of $238.86 million. Guidewire Software had a negative net margin of 2.97% and a positive return on equity of 1.83%. The company’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

GWRE has been the subject of several research reports. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Tuesday, October 9th. Deutsche Bank boosted their price target on shares of Guidewire Software to $110.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. KeyCorp boosted their price target on shares of Guidewire Software from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software to $117.00 and gave the stock an “overweight” rating in a research note on Friday, September 21st. Finally, Citigroup assumed coverage on shares of Guidewire Software in a research note on Tuesday, September 4th. They issued a “neutral” rating and a $101.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $109.90.

In related news, CEO Marcus Ryu sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $87.14, for a total value of $1,742,800.00. Following the completion of the sale, the chief executive officer now directly owns 20,276 shares of the company’s stock, valued at $1,766,850.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 400 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $88.78, for a total transaction of $35,512.00. Following the completion of the sale, the director now directly owns 8,793 shares of the company’s stock, valued at $780,642.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,630 shares of company stock valued at $8,730,535. Insiders own 0.69% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its position in Guidewire Software by 26.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,709 shares of the technology company’s stock valued at $240,000 after acquiring an additional 569 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Guidewire Software by 5.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,232 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 630 shares during the last quarter. Peregrine Capital Management LLC lifted its position in Guidewire Software by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 209,462 shares of the technology company’s stock valued at $18,596,000 after acquiring an additional 673 shares during the last quarter. Legal & General Group Plc lifted its position in Guidewire Software by 1.9% in the first quarter. Legal & General Group Plc now owns 40,292 shares of the technology company’s stock valued at $3,256,000 after acquiring an additional 733 shares during the last quarter. Finally, Brasada Capital Management LP lifted its position in Guidewire Software by 13.2% in the first quarter. Brasada Capital Management LP now owns 7,710 shares of the technology company’s stock valued at $623,000 after acquiring an additional 900 shares during the last quarter.

Shares of NYSE:GWRE traded up $0.15 during trading on Thursday, hitting $90.85. The company’s stock had a trading volume of 34,752 shares, compared to its average volume of 812,935. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 1,009.28, a price-to-earnings-growth ratio of 43.84 and a beta of 1.19. The company has a quick ratio of 5.43, a current ratio of 5.43 and a debt-to-equity ratio of 0.21. Guidewire Software has a fifty-two week low of $70.06 and a fifty-two week high of $107.79.

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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