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

Press coverage about Guidewire Software (NYSE:GWRE) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 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 news sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.0761098189795 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Guidewire Software (NYSE:GWRE) traded up $0.87 on Wednesday, hitting $71.32. The stock had a trading volume of 585,730 shares, compared to its average volume of 468,370. Guidewire Software has a 52-week low of $49.18 and a 52-week high of $83.52. The stock has a market capitalization of $5,310.77, a PE ratio of 176.18, a PEG ratio of 79.97 and a beta of 1.18.

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

Several analysts have weighed in on GWRE shares. BidaskClub downgraded Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. TheStreet downgraded Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. KeyCorp reiterated a “buy” rating and issued a $75.00 price objective on shares of Guidewire Software in a research report on Friday, August 25th. Piper Jaffray Companies reiterated a “buy” rating and issued a $80.00 price objective on shares of Guidewire Software in a research report on Sunday, August 27th. Finally, Stifel Nicolaus boosted their price objective on Guidewire Software from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software has a consensus rating of “Buy” and a consensus price target of $80.11.

In related news, insider Ali Kheirolomoom sold 2,047 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $77.06, for a total value of $157,741.82. Following the sale, the insider now directly owns 1,941 shares of the company’s stock, valued at $149,573.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig Conway sold 600 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $79.23, for a total value of $47,538.00. Following the completion of the sale, 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. Insiders have sold 114,179 shares of company stock worth $8,805,151 over the last three months. Insiders own 0.69% of the company’s stock.

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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.

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

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