Analyst’s mean target price for Guidewire Software, Inc.
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05/03/2015 – Guidewire Software, Inc. had its “buy” rating reiterated by analysts at Zacks. Piper Jaffray Cos. initiated coverage on shares of Guidewire Software in a research report on Tuesday, May 31st. They now have a Dollars 65 price target on the stock.
Boasting a price of $60.50, Guidewire Software Inc (NYSE:GWRE) traded 0.60% higher on the day.
Guidewire had a previous buy point at 62.72 cleared on June 23, but the stock quickly reversed and fell 9% below that entry area by June 27, making it invalid. The heightened volatility saw the trading volume jump to 4,24,595 shares. For comparison, a several other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $70.17, higher than the opening price of $63.17. The company has a market cap of $4.54B.
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Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.07. Third quarter non-GAAP diluted net EPS was $0.49, up from adjusted non-GAAP diluted net EPS of $0.45 in the prior-year period, and above its previously provided outlook of $0.42 to $0.46.
Rolling four-quarter recurring term license and maintenance revenue was $268.4 million, an increase of 22% compared to fiscal year 2015. The business’s revenue for the quarter was up 12.1% compared to the same quarter past year. Equities research analysts forecast that Guidewire Software will post $0.78 EPS for the current year.
In a different news, on Sep 2, 2016, Marcus Ryu (CEO and President) sold 20,000 shares at $61.34 per share price. The stock was sold at an average price of $58.97, for a total value of $332,590.80. Following the sale, the chief executive officer now directly owns 18,838 shares of the company’s stock, valued at $1,161,927.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Priscilla Hung sold 968 shares of Guidewire Software stock in a transaction on Wednesday, July 13th. The disclosure for this sale can be found here. Total debt to equity ratio of the company for most recent quarter is 0.00 whereas long term debt to equity ratio for most recent quarter is 0.00.
Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period. The stock is now down 3.12 on 107K shares after the bell.
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Outlook: Q1 loss of 4-7 cents a share, largely below views for loss of 7 cents a share, on revenue of $84.5 million-$88.5 million, below consensus for $91.7 million. The company finished it is trading at $2.33. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s platform consists of three products: core transaction processing, data management and analytics, and digital engagement.
