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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 1,297 call options on the stock. This is an increase of 1,563% compared to the typical volume of 78 call options.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. DA Davidson reaffirmed a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a research note on Friday, September 6th. Oppenheimer reissued an “outperform” rating and set a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a research report on Friday, October 11th. JMP Securities boosted their price target on Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada increased their price objective on Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.62.

Insider Buying and Selling

In other news, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John P. Mullen sold 6,718 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the transaction, the insider now directly owns 160,099 shares of the company’s stock, valued at approximately $27,562,643.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,050,448 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in shares of Guidewire Software by 23.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after purchasing an additional 516,942 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after acquiring an additional 256,702 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares during the last quarter. Teca Partners LP acquired a new stake in Guidewire Software during the 2nd quarter valued at approximately $25,893,000. Finally, Linonia Partnership LP increased its holdings in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the last quarter.

Guidewire Software Stock Down 1.7 %

Shares of GWRE opened at $186.29 on Friday. The firm has a market cap of $15.56 billion, a PE ratio of -2,328.63, a price-to-earnings-growth ratio of 48.42 and a beta of 1.19. The company’s fifty day moving average is $173.01 and its two-hundred day moving average is $145.43. Guidewire Software has a fifty-two week low of $86.49 and a fifty-two week high of $191.48.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period last year, the business posted $0.30 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Guidewire Software will post 0.53 earnings per share for the current 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.