Press coverage about Guidewire Software (NYSE:GWRE) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Guidewire Software earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.4840998366859 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Guidewire Software, Inc. (NYSE:GWRE) Director Sells $42,234.00 in Stock (americanbankingnews.com)
- Capital Insurance Group Deploys Guidewire Solution for Underwriting, Policy Administration, and Billing (finance.yahoo.com)
- Guidewire Software, Inc. (NYSE:GWRE) Trading Up – Insiders Selling, Short Interest Growing (highlightpress.com)
- $168.72 Million in Sales Expected for Guidewire Software, Inc. (GWRE) This Quarter (americanbankingnews.com)
- Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $720,250.65 in Stock (americanbankingnews.com)
Shares of Guidewire Software (NYSE GWRE) opened at 70.95 on Tuesday. Guidewire Software has a one year low of $49.18 and a one year high of $71.22. The stock has a market capitalization of $5.28 billion, a PE ratio of 517.88 and a beta of 1.26. The company’s 50-day moving average price is $66.39 and its 200 day moving average price is $58.34.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 1st. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.19. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The company had revenue of $123.44 million for the quarter, compared to the consensus estimate of $104.55 million. During the same period in the previous year, the firm earned $0.14 EPS. Guidewire Software’s revenue was up 24.9% on a year-over-year basis. Analysts anticipate that Guidewire Software will post $0.85 EPS for the current year.
Several equities research analysts recently weighed in on GWRE shares. Goldman Sachs Group, Inc. (The) upgraded Guidewire Software from a “neutral” rating to a “conviction-buy” rating and increased their target price for the company from $59.00 to $70.00 in a report on Tuesday, April 4th. TheStreet upgraded Guidewire Software from a “c+” rating to a “b-” rating in a report on Tuesday, April 25th. Bank of America Corporation upgraded Guidewire Software from an “underperform” rating to a “neutral” rating and set a $68.00 target price for the company in a report on Monday, May 15th. Stifel Nicolaus increased their target price on Guidewire Software from $61.00 to $70.00 and gave the company a “hold” rating in a report on Friday, June 2nd. Finally, UBS AG increased their target price on Guidewire Software from $72.00 to $77.00 and gave the company a “buy” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software has an average rating of “Buy” and an average price target of $75.25.
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In other Guidewire Software news, Director Craig Conway sold 600 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $70.39, for a total transaction of $42,234.00. Following the sale, the director now directly owns 10,047 shares in the company, valued at approximately $707,208.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Roza sold 780 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $66.56, for a total transaction of $51,916.80. Following the sale, the insider now owns 5,740 shares in the company, valued at $382,054.40. The disclosure for this sale can be found here. Insiders have sold a total of 117,889 shares of company stock worth $7,761,907 over the last 90 days. 0.96% of the stock is owned by insiders.
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. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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