Somewhat Favorable News Coverage Somewhat Unlikely to Impact Guidewire Software (GWRE) Share Price

Media coverage about Guidewire Software (NYSE:GWRE) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring 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 daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 43.2596256397477 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

A number of analysts have recently issued reports on GWRE shares. KeyCorp restated a “buy” rating and set a $86.00 target price on shares of Guidewire Software in a research note on Friday, September 29th. Deutsche Bank restated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Guidewire Software in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub cut shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Citigroup set a $85.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $80.11.

Guidewire Software (GWRE) traded up $0.04 during trading hours on Friday, reaching $77.35. 418,800 shares of the company were exchanged, compared to its average volume of 493,300. Guidewire Software has a 1-year low of $51.00 and a 1-year high of $83.52. The company has a market capitalization of $5,830.00, a price-to-earnings ratio of 309.40, a price-to-earnings-growth ratio of 87.43 and a beta of 1.17.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The business had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. During the same period in the prior year, the business posted $0.02 earnings per share. Guidewire Software’s revenue was up 15.0% compared to the same quarter last year. analysts anticipate that Guidewire Software will post 0.06 EPS for the current fiscal year.

In related news, CFO Richard Hart sold 374 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $77.00, for a total transaction of $28,798.00. Following the transaction, the chief financial officer now directly owns 3,879 shares of the company’s stock, valued at $298,683. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 600 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $79.23, for a total transaction of $47,538.00. Following the transaction, the director now directly owns 8,847 shares in the company, valued at $700,947.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,523 shares of company stock worth $7,613,247. 0.69% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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