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

Guidewire Software Inc (NYSE:GWRE) was the recipient of unusually large options trading activity on Thursday. Investors purchased 4,257 call options on the company. This is an increase of 1,319% compared to the average volume of 300 call options.

GWRE has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of Guidewire Software from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, December 6th. ValuEngine upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 1st. Zacks Investment Research reiterated a “hold” rating on shares of Guidewire Software in a research report on Tuesday, November 13th. DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a research report on Wednesday, December 5th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $106.40.

In related news, Director Craig Conway sold 400 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $82.30, for a total value of $32,920.00. Following the sale, the director now directly owns 11,503 shares of the company’s stock, valued at $946,696.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven P. Sherry sold 4,574 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $81.60, for a total transaction of $373,238.40. Following the completion of the sale, the insider now directly owns 2,390 shares in the company, valued at $195,024. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,458 shares of company stock worth $6,133,251. Insiders own 0.69% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Guidewire Software by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 747,756 shares of the technology company’s stock worth $59,992,000 after buying an additional 53,460 shares in the last quarter. Norges Bank bought a new stake in Guidewire Software in the 4th quarter worth about $38,279,000. Dimensional Fund Advisors LP increased its holdings in Guidewire Software by 14.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 270,906 shares of the technology company’s stock worth $21,734,000 after buying an additional 34,549 shares in the last quarter. Equitable Trust Co. increased its holdings in Guidewire Software by 7.1% in the 4th quarter. Equitable Trust Co. now owns 3,535 shares of the technology company’s stock worth $284,000 after buying an additional 235 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Guidewire Software by 63.9% in the 4th quarter. Amalgamated Bank now owns 17,964 shares of the technology company’s stock worth $1,441,000 after buying an additional 7,004 shares in the last quarter.

Shares of Guidewire Software stock opened at $90.22 on Friday. The company has a quick ratio of 8.40, a current ratio of 8.40 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 1,002.44, a PEG ratio of 38.98 and a beta of 1.30. Guidewire Software has a 12 month low of $73.82 and a 12 month high of $107.79.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. The business had revenue of $169.30 million during the quarter, compared to analyst estimates of $159.73 million. Guidewire Software had a positive return on equity of 3.24% and a negative net margin of 0.72%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. Sell-side analysts anticipate that Guidewire Software will post 0.31 EPS for the current year.

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About Guidewire Software

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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