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

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

Analyst Upgrades and Downgrades

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

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $204.64 on Thursday. Guidewire Software has a 12 month low of $107.65 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.17 billion, a P/E ratio of 568.44, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a 50 day moving average of $190.03 and a 200 day moving average of $190.56.

Guidewire Software (NYSE:GWRE - Get Free Report) last released 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). The firm 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%. As a group, sell-side analysts forecast that Guidewire Software will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the sale, the president now directly owns 164,030 shares of the company's stock, valued at approximately $30,829,438.50. This represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $198.22, for a total transaction of $277,508.00. Following the completion of the sale, the chief executive officer now owns 254,393 shares of the company's stock, valued at approximately $50,425,780.46. This trade represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,771 shares of company stock worth $7,134,011. Insiders own 0.48% of the company's stock.

Institutional Trading of Guidewire Software

A number of large investors have recently modified their holdings of the business. Versant Capital Management Inc purchased a new stake in Guidewire Software in the fourth quarter valued at approximately $25,000. 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 buying an additional 70 shares in the last quarter. Ossiam bought a new stake in shares of Guidewire Software during the 4th quarter worth $29,000. Dunhill Financial LLC purchased a new position in Guidewire Software in the first quarter worth $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares during the last quarter.

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.

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