Guidewire Software (GWRE) Receiving Somewhat Favorable Media Coverage, Report Finds
Media stories about Guidewire Software (NYSE:GWRE) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Guidewire Software earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.4051259024917 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- See what the IHS Markit Score report has to say about Guidewire Software Inc. (finance.yahoo.com)
- Eagle Asset Management Inc Bought A Little More Guidewire Software, Inc. (GWRE) Stock (highlightpress.com)
- Insider Trading Activity Guidewire Software Inc (NYSE:GWRE) – Insider Sold 94 shares of Stock (4-traders.com)
- Richard Hart Sells 375 Shares of Guidewire Software Inc (NYSE:GWRE) Stock (americanbankingnews.com)
- $168.72 Million in Sales Expected for Guidewire Software Inc (NYSE:GWRE) This Quarter (americanbankingnews.com)
A number of brokerages have recently commented on GWRE. ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Bank of America Corporation reiterated a “neutral” rating and set a $74.00 price target (up from $68.00) on shares of Guidewire Software in a report on Saturday, June 3rd. Finally, UBS AG lifted their price target on shares of Guidewire Software from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $75.25.
Shares of Guidewire Software (NYSE:GWRE) opened at 68.85 on Friday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 502.55 and a beta of 1.27. Guidewire Software has a 12-month low of $49.18 and a 12-month high of $73.36. The company has a 50-day moving average of $70.38 and a 200-day moving average of $62.28.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, June 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. The business had revenue of $123.44 million during the quarter, compared to analyst estimates of $104.55 million. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities analysts expect that Guidewire Software will post $0.85 earnings per share for the current fiscal year.
In other news, insider Scott Roza sold 780 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $66.56, for a total value of $51,916.80. Following the completion of the sale, the insider now directly owns 5,740 shares of the company’s stock, valued at $382,054.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Hart sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $63.04, for a total transaction of $189,120.00. Following the completion of the sale, the chief financial officer now directly owns 4,717 shares of the company’s stock, valued at $297,359.68. The disclosure for this sale can be found here. Insiders sold 117,359 shares of company stock valued at $8,031,618 over the last three months. 0.96% of the stock is owned by insiders.
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Guidewire Software Company Profile
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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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