Positive News Coverage Somewhat Unlikely to Affect Guidewire Software (GWRE) Stock Price
News headlines about Guidewire Software (NYSE:GWRE) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Guidewire Software earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.3655344724988 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Guidewire Software, Inc. (GWRE) Earns Buy Rating from KeyCorp (americanbankingnews.com)
- Reviewing Guidewire Software (GWRE) & Model N (MODN) (americanbankingnews.com)
- Guidewire Software, Inc. – Value Analysis (NYSE:GWRE) : August 24, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Guidewire Software, Inc. (GWRE) Will Post Quarterly Sales of $168.72 Million (americanbankingnews.com)
- Guidewire Software to Announce Fourth Quarter Fiscal 2017 Financial Results on September 6, 2017 (finance.yahoo.com)
Guidewire Software (NYSE GWRE) opened at 72.31 on Monday. The company’s 50-day moving average is $70.96 and its 200-day moving average is $63.58. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 527.81 and a beta of 1.27. Guidewire Software has a 52-week low of $49.18 and a 52-week high of $73.36.
Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.19. The firm had revenue of $123.44 million for the quarter, compared to the consensus estimate of $104.55 million. Guidewire Software had a return on equity of 1.97% and a net margin of 2.19%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Equities analysts predict that Guidewire Software will post $0.85 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. Bank of America Corporation upgraded shares of Guidewire Software from an “underperform” rating to a “neutral” rating and set a $68.00 price target on the stock in a research report on Monday, May 15th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, June 2nd. UBS AG boosted their price target on shares of Guidewire Software from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, June 2nd. ValuEngine upgraded shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies upgraded shares of Guidewire Software from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $75.00 in a research report on Tuesday, June 13th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $75.22.
WARNING: This article was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/28/positive-news-coverage-somewhat-unlikely-to-affect-guidewire-software-gwre-stock-price.html.
In other news, CFO Richard Hart sold 375 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $69.26, for a total value of $25,972.50. Following the transaction, the chief financial officer now owns 3,880 shares in the company, valued at approximately $268,728.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $72.34, for a total value of $1,808,500.00. Following the completion of the transaction, the chief executive officer now owns 164,139 shares in the company, valued at approximately $11,873,815.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,578 shares of company stock worth $7,282,655. Corporate insiders own 0.96% of the company’s stock.
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.
Receive News & Stock Ratings for Guidewire Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc. and related stocks with our FREE daily email newsletter.