Guidewire Software (GWRE) Earns News Impact Score of 0.06
Media stories about Guidewire Software (NYSE:GWRE) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Guidewire Software earned a news impact score of 0.06 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.1433479997569 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Guidewire Announces 2017.2 Release of InsurancePlatform … – Business Wire (press release) (businesswire.com)
- Guidewire Software Announces Symbility as New Guidewire PartnerConnect Solution Partner – Business Wire (press release) (businesswire.com)
- Symbility : GUIDEWIRE SOFTWARE ANNOUNCES SYMBILITY AS NEW GUIDEWIRE PARTNER CONNECT SOLUTION PARTNER (4-traders.com)
- Stocks To Watch With Earnings On Tap: Guidewire Software (finance.yahoo.com)
Several research firms have recently weighed in on GWRE. Piper Jaffray Companies reaffirmed a “buy” rating and set a $80.00 price objective on shares of Guidewire Software in a report on Sunday, August 27th. BidaskClub raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Zacks Investment Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. TheStreet lowered shares of Guidewire Software from a “b-” rating to a “c+” rating in a report on Monday, August 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Guidewire Software in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $80.11.
Shares of Guidewire Software (GWRE) traded down $0.49 during trading on Tuesday, hitting $79.82. 297,800 shares of the company were exchanged, compared to its average volume of 442,617. The firm has a market capitalization of $6,051.93, a price-to-earnings ratio of 191.21, a P/E/G ratio of 24.22 and a beta of 1.23. Guidewire Software has a fifty-two week low of $49.18 and a fifty-two week high of $83.47.
Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.20. The business had revenue of $181.10 million during the quarter, compared to analyst estimates of $168.61 million. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. Guidewire Software’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. research analysts forecast that Guidewire Software will post 0.21 EPS for the current year.
In related news, insider Ali Kheirolomoom sold 2,047 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $77.06, for a total value of $157,741.82. Following the completion of the sale, the insider now owns 1,941 shares of the company’s stock, valued at $149,573.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $75.51, for a total transaction of $1,887,750.00. Following the completion of the sale, the chief executive officer now directly owns 139,139 shares of the company’s stock, valued at approximately $10,506,385.89. The disclosure for this sale can be found here. In the last three months, insiders sold 112,813 shares of company stock valued at $8,756,990. 0.69% of the stock is currently owned by company 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.
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