Guidewire Software Target of Unusually High Options Trading (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 1,297 call options on the company. This is an increase of 1,563% compared to the typical volume of 78 call options.

Guidewire Software Stock Down 0.8 %

Shares of GWRE traded down $1.62 during mid-day trading on Friday, reaching $191.84. The company's stock had a trading volume of 1,448,052 shares, compared to its average volume of 868,648. The business has a fifty day moving average of $197.47 and a 200 day moving average of $187.41. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 532.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. As a group, analysts forecast that Guidewire Software will post 0.52 earnings per share for the current fiscal year.

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Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the completion of the transaction, the chief executive officer now directly owns 280,330 shares of the company's stock, valued at approximately $48,996,077.40. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the transaction, the chief financial officer now directly owns 71,538 shares of the company's stock, valued at approximately $13,550,012.58. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,780 shares of company stock valued at $6,886,553 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently modified their holdings of GWRE. Assetmark Inc. increased its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after acquiring an additional 145 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Guidewire Software during the third quarter worth $219,000. Oppenheimer & Co. Inc. acquired a new position in Guidewire Software during the third quarter worth $415,000. KBC Group NV increased its position in Guidewire Software by 15.3% during the third quarter. KBC Group NV now owns 2,087 shares of the technology company's stock worth $382,000 after buying an additional 277 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock worth $448,000 after buying an additional 87 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. DA Davidson reiterated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $206.08.

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.