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

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) saw unusually large options trading activity on Wednesday. Traders acquired 1,297 call options on the stock. This represents an increase of 1,563% compared to the average daily volume of 78 call options.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Oppenheimer raised their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Bank of America upped their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price target on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. One equities 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Guidewire Software Price Performance

GWRE stock traded down $6.10 during mid-day trading on Thursday, hitting $225.15. 748,926 shares of the stock were exchanged, compared to its average volume of 967,505. Guidewire Software has a 12 month low of $132.01 and a 12 month high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The business has a fifty day moving average price of $227.76 and a 200 day moving average price of $203.73. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 562.88, a PEG ratio of 20.43 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same quarter in the previous year, the company posted $0.26 EPS. Guidewire Software's revenue for the quarter was up 22.0% on a year-over-year basis. On average, sell-side analysts anticipate that Guidewire Software will post 0.52 EPS for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the sale, the president directly owned 146,489 shares in the company, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $230.70, for a total transaction of $322,980.00. Following the completion of the sale, the chief executive officer owned 234,468 shares of the company's stock, valued at $54,091,767.60. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,860 shares of company stock worth $4,214,136 over the last three months. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the first quarter valued at $25,000. Quarry LP purchased a new position in shares of Guidewire Software in the 1st quarter worth about $28,000. Ossiam purchased a new position in shares of Guidewire Software in the 4th quarter worth about $29,000. Finally, Rise Advisors LLC purchased a new position in shares of Guidewire Software in the 1st quarter worth about $31,000.

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.