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

Guidewire Software, Inc. (NYSE:GWRE) saw some unusual options trading on Wednesday. Investors bought 1,297 call options on the stock. This represents an increase of approximately 1,563% compared to the typical daily volume of 78 call options.

Guidewire Software Trading Down 0.5%

Shares of Guidewire Software stock opened at $234.87 on Friday. The firm has a market cap of $19.77 billion, a PE ratio of 587.17, a P/E/G ratio of 23.18 and a beta of 1.15. Guidewire Software has a 1 year low of $132.01 and a 1 year 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 stock has a fifty day moving average price of $221.36 and a 200-day moving average price of $200.08.

Guidewire Software (NYSE:GWRE) 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 net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue was up 22.0% compared to the same quarter last year. Equities research analysts anticipate that Guidewire Software will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GWRE. JMP Securities lifted their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the company a “market outperform” rating in a report on Wednesday, June 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $290.00 price target on shares of Guidewire Software in a research note on Monday. Bank of America boosted their price objective on Guidewire Software from $135.00 to $160.00 and gave the stock an “underperform” rating in a report on Wednesday, June 4th. Stifel Nicolaus raised their target price on Guidewire Software from $230.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. 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 company’s stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $248.31.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the transaction, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $184.41, for a total value of $258,174.00. Following the completion of the sale, the chief executive officer now directly owns 259,993 shares of the company’s stock, valued at $47,945,309.13. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,160 shares of company stock worth $3,779,767 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Truist Financial Corp boosted its holdings in shares of Guidewire Software by 21.8% in the fourth quarter. Truist Financial Corp now owns 9,645 shares of the technology company’s stock worth $1,626,000 after acquiring an additional 1,724 shares during the period. D.A. Davidson & CO. boosted its stake in Guidewire Software by 46.9% in the 4th quarter. D.A. Davidson & CO. now owns 1,779 shares of the technology company’s stock worth $300,000 after purchasing an additional 568 shares during the period. IFP Advisors Inc grew its holdings in Guidewire Software by 1,432.1% during the 4th quarter. IFP Advisors Inc now owns 812 shares of the technology company’s stock valued at $137,000 after buying an additional 759 shares in the last quarter. Amalgamated Bank increased its position in shares of Guidewire Software by 7.0% during the fourth quarter. Amalgamated Bank now owns 5,182 shares of the technology company’s stock valued at $874,000 after buying an additional 340 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in shares of Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after buying an additional 75 shares in the last quarter.

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.