Investors Buy High Volume of Call Options on Guidewire Software (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 stock. This is an increase of 1,563% compared to the typical daily volume of 78 call options.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $201.90, for a total transaction of $282,660.00. Following the transaction, the chief executive officer now directly owns 277,530 shares of the company's stock, valued at $56,033,307. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,071 shares of company stock valued at $7,020,947 over the last ninety days. Company insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Guidewire Software in the fourth quarter worth about $25,000. Ossiam bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the period. Dunhill Financial LLC bought a new position in shares of Guidewire Software during the first quarter valued at approximately $33,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the fourth quarter valued at approximately $34,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GWRE shares. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Trading Up 3.5 %

GWRE traded up $6.36 on Tuesday, reaching $189.60. 633,073 shares of the company traded hands, compared to its average volume of 908,932. The company has a market cap of $15.90 billion, a P/E ratio of 526.67, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. 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 has a one year low of $107.65 and a one year high of $219.59. The firm has a fifty day simple moving average of $191.35 and a two-hundred day simple moving average of $189.93.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, equities research analysts expect that Guidewire Software will post 0.52 earnings per share 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.