Media headlines about Guidewire Software (NYSE:GWRE) have been trending positive on Saturday, according to Alpha One. The research group, a unit of Accern, scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Guidewire Software earned a news sentiment score of 0.48 on Alpha One’s scale. Alpha One also gave media stories about the technology company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Alpha One Sentiment Analysis’s rankings:
GWRE has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, February 16th. TheStreet raised shares of Guidewire Software from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Finally, Goldman Sachs Group Inc raised shares of Guidewire Software from a “neutral” rating to a “conviction-buy” rating and upped their price objective for the company from $59.00 to $70.00 in a research report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.86.
Guidewire Software (NYSE:GWRE) traded up 0.57% during midday trading on Friday, reaching $61.49. 252,666 shares of the company traded hands. The firm has a market capitalization of $4.55 billion and a price-to-earnings ratio of 389.18. The firm’s 50 day moving average price is $58.60 and its 200 day moving average price is $55.81. Guidewire Software has a 12 month low of $49.18 and a 12 month high of $64.00.
Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 2nd. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $115.60 million for the quarter, compared to the consensus estimate of $109.65 million. During the same period in the prior year, the business posted $0.24 earnings per share. Guidewire Software’s revenue was up 13.2% compared to the same quarter last year. On average, analysts expect that Guidewire Software will post $0.72 earnings per share for the current year.
In related news, insider Priscilla Hung sold 833 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $61.77, for a total transaction of $51,454.41. Following the transaction, the insider now directly owns 1,432 shares of the company’s stock, valued at $88,454.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $61.00, for a total transaction of $1,220,000.00. Following the transaction, the chief executive officer now directly owns 20,336 shares in the company, valued at $1,240,496. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,996 shares of company stock worth $5,812,718.
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.