Guidewire Software Sees Unusually High Options Volume (NYSE:GWRE)

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

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Insiders Place Their Bets

In related news, insider James Winston King sold 270 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now directly owns 45,664 shares of the company's stock, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 6,116 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,280 shares of company stock valued at $8,085,170 in the last quarter. 0.48% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Guidewire Software by 27,342.6% in the first quarter. GAMMA Investing LLC now owns 260,430 shares of the technology company's stock valued at $487,940,000 after buying an additional 259,481 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Guidewire Software by 347.0% in the 1st quarter. Versant Capital Management Inc now owns 666 shares of the technology company's stock worth $125,000 after acquiring an additional 517 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Guidewire Software in the 1st quarter valued at approximately $1,546,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Guidewire Software by 3.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,185 shares of the technology company's stock worth $7,449,000 after purchasing an additional 1,282 shares during the last quarter.

Guidewire Software Stock Up 0.5 %

GWRE stock traded up $0.83 during midday trading on Monday, hitting $175.08. 1,379,220 shares of the company's stock were exchanged, compared to its average volume of 896,087. The firm has a 50 day moving average price of $198.29 and a 200-day moving average price of $189.31. Guidewire Software has a 12-month low of $107.00 and a 12-month high of $219.59. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 486.34, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly 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). The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, analysts anticipate that Guidewire Software will post 0.52 EPS for the current year.

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.