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

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) saw some unusual options trading activity 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 Activity

In other news, President John P. Mullen sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total value of $705,150.00. Following the transaction, the president owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $230.70, for a total value of $322,980.00. Following the completion of the transaction, the chief executive officer directly owned 234,468 shares in the company, valued at $54,091,767.60. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,342 shares of company stock valued at $4,843,857 over the last ninety days. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its position in shares of Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software in the 1st quarter valued at $25,000. Quarry LP bought a new stake in shares of Guidewire Software in the 1st quarter valued at $28,000. Rise Advisors LLC bought a new stake in shares of Guidewire Software in the 1st quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $32,000 after acquiring an additional 70 shares in the last quarter.

Guidewire Software Price Performance

Shares of GWRE traded down $0.23 during trading hours on Friday, reaching $223.53. The stock had a trading volume of 634,920 shares, compared to its average volume of 704,357. The company's 50-day moving average is $230.14 and its two-hundred day moving average is $208.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software has a 12 month low of $132.01 and a 12 month high of $263.20. The stock has a market capitalization of $18.82 billion, a PE ratio of 558.82, a PEG ratio of 19.81 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. During the same period last year, the company earned $0.26 EPS. The firm's revenue was up 22.0% compared to the same quarter last year. Research analysts expect that Guidewire Software will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup upped their target price on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. The Goldman Sachs Group increased their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus increased their price target on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.92.

About Guidewire Software

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.