Headlines about Guidewire Software (NYSE:GWRE) have been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Guidewire Software earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.8081054585614 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Here’s What to Focus on – Guidewire Software Inc (NYSE: GWRE) – Alpha Beta Stock (alphabetastock.com)
- Atlas Financial Selects Guidewire System for Claims Management – Business Wire (press release) (businesswire.com)
- Guidewire Software, Inc. (GWRE) : Investors may need a consensus Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Guidewire Software (GWRE) Given a $100.00 Price Target at DA Davidson (americanbankingnews.com)
Shares of Guidewire Software (GWRE) traded down $0.61 during trading hours on Wednesday, hitting $86.37. 219,509 shares of the stock were exchanged, compared to its average volume of 604,223. The firm has a market capitalization of $6,680.10, a price-to-earnings ratio of -232.03 and a beta of 1.08. Guidewire Software has a 52 week low of $54.74 and a 52 week high of $92.65.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.14. The company had revenue of $163.80 million for the quarter, compared to analyst estimates of $154.34 million. Guidewire Software had a negative net margin of 5.09% and a positive return on equity of 2.54%. Guidewire Software’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. equities research analysts anticipate that Guidewire Software will post -0.01 EPS for the current year.
A number of analysts have weighed in on the stock. KeyCorp restated a “buy” rating and issued a $91.00 target price on shares of Guidewire Software in a research report on Wednesday, March 7th. DA Davidson set a $100.00 target price on shares of Guidewire Software and gave the company a “buy” rating in a research report on Thursday, March 8th. William Blair restated an “outperform” rating on shares of Guidewire Software in a research report on Wednesday, March 7th. Piper Jaffray Companies restated an “overweight” rating on shares of Guidewire Software in a research report on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of Guidewire Software from $78.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $83.90.
In related news, Director Craig Conway sold 600 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $73.49, for a total value of $44,094.00. Following the transaction, the director now owns 10,904 shares in the company, valued at $801,334.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Richard Hart sold 375 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $82.50, for a total transaction of $30,937.50. Following the completion of the transaction, the chief financial officer now owns 3,819 shares in the company, valued at approximately $315,067.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,712 shares of company stock worth $7,012,670. 0.69% of the stock is owned by company 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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