Guidewire Software Inc (NYSE:GWRE) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.70-0.79 for the period, compared to the Thomson Reuters consensus 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) opened at 57.55 on Wednesday. Guidewire Software Inc has a 52-week low of $42.32 and a 52-week high of $64.78. The firm has a market cap of $4.21 billion and a price-to-earnings ratio of 287.75. The stock has a 50 day moving average of $57.79 and a 200 day moving average of $60.02.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, November 29th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The business earned $94.10 million during the quarter, compared to analyst estimates of $87.17 million. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Equities analysts predict that Guidewire Software Inc will post $0.76 EPS for the current fiscal year.

Several research firms have recently weighed in on GWRE. Zacks Investment Research raised shares of Guidewire Software from a hold rating to a strong-buy rating and set a $73.00 target price on the stock in a research report on Wednesday, September 7th. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $68.00 to $78.00 and gave the stock an overweight rating in a research report on Thursday, September 8th. JMP Securities reissued a hold rating on shares of Guidewire Software in a research report on Thursday, September 8th. Deutsche Bank AG reissued a buy rating on shares of Guidewire Software in a research report on Thursday, September 8th. Finally, TheStreet raised shares of Guidewire Software from a hold rating to a buy rating in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Guidewire Software presently has an average rating of Buy and an average target price of $69.38.

In other news, insider Scott Roza sold 781 shares of the business’s 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 directly owns 982 shares in the company, valued at $55,149.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel James Winston King sold 562 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $59.13, for a total transaction of $33,231.06. Following the completion of the sale, the general counsel now owns 225 shares of the company’s stock, valued at $13,304.25. The disclosure for this sale can be found here.

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Several hedge funds have recently modified their holdings of 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 during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Guidewire Software by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,766,910 shares of the company’s stock worth $109,124,000 after buying an additional 32,933 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Guidewire Software by 2.1% in the second quarter. Janus Capital Management LLC now owns 1,592,622 shares of the company’s stock worth $98,360,000 after buying an additional 32,846 shares during the last quarter. Waddell & Reed Financial Inc. boosted its stake in shares of Guidewire Software by 1.3% in the second quarter. Waddell & Reed Financial Inc. now owns 1,160,471 shares of the company’s stock worth $71,671,000 after buying an additional 15,182 shares during the last quarter. Finally, 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 during 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.

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