Guidewire Software Target of Unusually Large Options Trading (GWRE)

Guidewire Software Inc (NYSE:GWRE) saw unusually large options trading activity on Wednesday. Stock investors purchased 2,032 call options on the stock. This is an increase of approximately 3,075% compared to the average daily volume of 64 call options.

In other news, Director Andrew William Fraser Brown sold 2,585 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $77.26, for a total transaction of $199,717.10. Following the completion of the sale, the director now owns 3,846 shares of the company’s stock, valued at $297,141.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Hart sold 374 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $77.00, for a total transaction of $28,798.00. Following the sale, the chief financial officer now directly owns 3,879 shares of the company’s stock, valued at approximately $298,683. The disclosure for this sale can be found here. Insiders have sold 98,909 shares of company stock valued at $7,407,998 in the last three months. 0.69% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in Guidewire Software in the fourth quarter valued at $505,000. Sterling Capital Management LLC lifted its stake in Guidewire Software by 11.6% in the fourth quarter. Sterling Capital Management LLC now owns 67,752 shares of the technology company’s stock valued at $5,031,000 after acquiring an additional 7,036 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Guidewire Software by 4.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 742,888 shares of the technology company’s stock valued at $55,167,000 after acquiring an additional 34,784 shares during the last quarter. DF Dent & Co. Inc. lifted its stake in Guidewire Software by 6.3% in the fourth quarter. DF Dent & Co. Inc. now owns 19,053 shares of the technology company’s stock valued at $1,415,000 after acquiring an additional 1,128 shares during the last quarter. Finally, Weitz Investment Management Inc. lifted its stake in Guidewire Software by 160.0% in the fourth quarter. Weitz Investment Management Inc. now owns 65,000 shares of the technology company’s stock valued at $4,827,000 after acquiring an additional 40,000 shares during the last quarter.

Guidewire Software (GWRE) opened at $81.58 on Thursday. Guidewire Software has a 1-year low of $54.34 and a 1-year high of $83.52. The company has a market cap of $6,221.14, a price-to-earnings ratio of 206.38, a P/E/G ratio of 140.21 and a beta of 1.13.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The business had revenue of $108.20 million for the quarter, compared to analyst estimates of $100.61 million. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. equities research analysts forecast that Guidewire Software will post 0.05 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of Guidewire Software in a research report on Friday, February 2nd. They set a “buy” rating and a $92.00 price objective for the company. TheStreet downgraded shares of Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Deutsche Bank restated a “buy” rating and set a $85.00 target price on shares of Guidewire Software in a report on Thursday, November 30th. Citigroup set a $85.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research cut shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.30.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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