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

Guidewire Software, Inc. (NYSE:GWRE) saw unusually large options trading on Wednesday. Traders bought 1,297 call options on the company. This is an increase of 1,563% compared to the average volume of 78 call options.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GWRE. DA Davidson reissued a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Stifel Nicolaus raised their price objective on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their target price on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. Finally, Oppenheimer boosted their price target on Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.69.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $8,984,892 over the last ninety days. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. Partners Capital Investment Group LLP grew its stake in Guidewire Software by 2.9% during the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after buying an additional 99 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after buying an additional 116 shares during the last quarter. CHICAGO TRUST Co NA grew its stake in Guidewire Software by 4.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after buying an additional 130 shares during the last quarter. Finally, Legacy Advisors LLC grew its stake in Guidewire Software by 1.6% during the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after buying an additional 135 shares during the last quarter.

Guidewire Software Stock Up 1.3 %

Shares of NYSE:GWRE opened at $174.62 on Friday. Guidewire Software has a 52-week low of $85.15 and a 52-week high of $174.68. The stock has a market cap of $14.43 billion, a P/E ratio of -1,319.23 and a beta of 1.18. The business’s 50 day moving average is $149.67 and its 200 day moving average is $130.98.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Guidewire Software will post 0.49 EPS for the current fiscal year.

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.