Guidewire Software Inc (GWRE) reported quarterly earnings results on Wednesday, Jun-1-2016. The company said it had a profit of $0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.06. The company posted revenue of $98.90 million in the period, compared to analysts expectations of $92.45 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Guidewire Software Inc. Piper Jaffray Initiated Guidewire Software Inc on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $65.
Guidewire Software Inc opened for trading at $57.81 and hit $58.72 on the upside on Friday, eventually ending the session at $58.7, with a gain of 1.17% or 0.68 points. The heightened volatility saw the trading volume jump to 2,75,410 shares. Company has a market cap of $4,230 M.
In a different news, on May 17, 2016, James Winston King (General Counsel and Secretary) sold 42 shares at $56.77 per share price. According to the SEC, on May 17, 2016, Scott Roza (Chief Business Officer) sold 781 shares at $56.08 per share price. On May 17, 2016, Craig Conway (director) sold 801 shares at $56.08 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company sells its products to a variety of insurance carriers ranging from global insurers to national carriers to regional carriers. Its core transaction processing includes Guidewire InsuranceSuite Guidewire PolicyCenter Guidewire ClaimCenter Guidewire BillingCenter and InsuranceSuite Add-on Modules. InsuranceSuite Add-on Modules includes Guidewire Rating Management Guidewire Reinsurance Management Guidewire Client Data Management Guidewire Standards-Based Templates and Guidewire London Market Messaging. Its data management and analytics includes Guidewire DataHub Guidewire InfoCenter and Guidewire Live and digital engagement includes Guidewire Digital Portals.