Guidewire Software Inc (NYSE:GWRE) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.70-0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76. The company issued revenue guidance of $473-483 million, compared to the consensus revenue estimate of $479.01 million.Guidewire Software also updated its Q2 guidance to $0.12-0.15 EPS.

Shares of Guidewire Software Inc (NYSE:GWRE) traded down 1.40% during trading on Tuesday, reaching $57.55. The company’s stock had a trading volume of 513,955 shares. The company has a 50 day moving average price of $57.79 and a 200 day moving average price of $60.02. Guidewire Software Inc has a 52 week low of $42.32 and a 52 week high of $64.78. The firm has a market capitalization of $4.21 billion and a P/E ratio of 287.75.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, November 29th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. The business had revenue of $94.10 million for the quarter, compared to the consensus estimate of $87.17 million. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. On average, equities research analysts expect that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.

GWRE has been the subject of a number of recent research reports. Deutsche Bank AG reissued a buy rating on shares of Guidewire Software in a research note on Thursday, September 8th. TheStreet raised shares of Guidewire Software from a hold rating to a buy rating in a research note on Wednesday, September 7th. Zacks Investment Research downgraded shares of Guidewire Software from a strong-buy rating to a hold rating in a research note on Thursday, September 8th. JMP Securities reaffirmed a hold rating on shares of Guidewire Software in a research note on Thursday, September 8th. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Guidewire Software in a research note on Tuesday, October 4th. They issued a neutral rating and a $57.00 target price for the company. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Guidewire Software currently has a consensus rating of Buy and an average target price of $69.38.

In other Guidewire Software news, insider Scott Roza sold 781 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $56.16, for a total value of $43,860.96. Following the completion of the sale, the insider now owns 982 shares in the company, valued at $55,149.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Marcus Ryu sold 15,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $57.25, for a total transaction of $858,750.00. Following the completion of the sale, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $858,750. The disclosure for this sale can be found here.

TRADEMARK VIOLATION NOTICE: “Guidewire Software Inc (GWRE) Updates FY17 Earnings Guidance” was reported by Daily Political and is the propert of of Daily Political. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The legal version of this piece of content can be accessed at http://www.dailypolitical.com/2016/11/29/guidewire-software-inc-gwre-updates-fy17-earnings-guidance.html.

A number of hedge funds have recently made changes to their positions in GWRE. Price T Rowe Associates Inc. MD boosted its stake in shares of Guidewire Software by 8.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,364,991 shares of the company’s stock worth $381,772,000 after buying an additional 500,090 shares in the last quarter. Credit Suisse AG boosted its stake in shares of Guidewire Software by 48.7% in the second quarter. Credit Suisse AG now owns 267,869 shares of the company’s stock worth $16,544,000 after buying an additional 87,788 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Guidewire Software by 11.0% in the second quarter. Loomis Sayles & Co. L P now owns 680,377 shares of the company’s stock worth $42,020,000 after buying an additional 67,382 shares in the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Guidewire Software during the second quarter worth approximately $3,011,000. Finally, UBS Group AG boosted its stake in shares of Guidewire Software by 375.4% in the third quarter. UBS Group AG now owns 29,597 shares of the company’s stock worth $1,775,000 after buying an additional 40,345 shares in the last quarter.

About Guidewire Software

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement.

5 Day Chart for NYSE:GWRE

Receive News & Ratings for Guidewire Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.