Investors Purchase High Volume of Call Options on Guidewire Software (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) saw some unusual options trading on Wednesday. Traders purchased 1,297 call options on the company. This represents an increase of 1,563% compared to the average volume of 78 call options.

Guidewire Software Trading Up 0.2 %

Shares of NYSE:GWRE traded up $0.28 during midday trading on Thursday, hitting $171.37. 534,610 shares of the stock were exchanged, compared to its average volume of 827,222. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software has a 12 month low of $105.31 and a 12 month high of $209.15. The business's 50-day moving average price is $184.88 and its 200 day moving average price is $168.17. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 476.03, a P/E/G ratio of 46.15 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GWRE shares. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company boosted their target price on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Royal Bank of Canada raised their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus boosted their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, DA Davidson reiterated a "buy" rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $193.00.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now owns 189,261 shares of the company's stock, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 794 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $174.43, for a total value of $138,497.42. Following the completion of the sale, the insider now directly owns 45,934 shares in the company, valued at approximately $8,012,267.62. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,347 shares of company stock valued at $4,057,594 in the last ninety days. Company insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its position in shares of Guidewire Software by 8.5% during the second quarter. Rhumbline Advisers now owns 91,465 shares of the technology company's stock worth $12,612,000 after acquiring an additional 7,162 shares in the last quarter. TD Asset Management Inc bought a new stake in shares of Guidewire Software in the second quarter valued at approximately $1,453,000. Arizona State Retirement System grew its stake in Guidewire Software by 3.6% in the 2nd quarter. Arizona State Retirement System now owns 22,159 shares of the technology company's stock valued at $3,056,000 after buying an additional 768 shares in the last quarter. Savant Capital LLC lifted its holdings in Guidewire Software by 42.9% during the 2nd quarter. Savant Capital LLC now owns 5,573 shares of the technology company's stock worth $768,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Guidewire Software by 694.8% in the second quarter. Acadian Asset Management LLC now owns 56,777 shares of the technology company's stock valued at $7,824,000 after acquiring an additional 49,633 shares during the period.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.