Guidewire Software Target of Unusually Large Options Trading (GWRE)

Guidewire Software Inc (NYSE:GWRE) was the recipient of some unusual options trading activity on Wednesday. Investors bought 2,032 call options on the company. This represents an increase of approximately 3,075% compared to the average daily volume of 64 call options.

A number of analysts have recently issued reports on the stock. Citigroup set a $85.00 target price on shares of Guidewire Software and gave the stock a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. DA Davidson assumed coverage on shares of Guidewire Software in a research note on Friday, February 2nd. They set a “buy” rating and a $92.00 target price for the company. Deutsche Bank restated a “buy” rating and set a $85.00 target price on shares of Guidewire Software in a research note on Thursday, November 30th. Finally, TheStreet cut shares of Guidewire Software from a “b” rating to a “c+” rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.30.

In other news, Director Craig Conway sold 600 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $80.17, for a total transaction of $48,102.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew William Fraser Brown sold 2,585 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $77.26, for a total transaction of $199,717.10. Following the sale, the director now owns 3,846 shares of the company’s stock, valued at approximately $297,141.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,909 shares of company stock valued at $7,407,998. Corporate insiders own 0.69% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GWRE. ARK Investment Management LLC bought a new position in Guidewire Software during the fourth quarter worth about $118,000. American International Group Inc. bought a new position in Guidewire Software during the fourth quarter worth about $121,000. The Manufacturers Life Insurance Company increased its position in Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after acquiring an additional 150 shares during the period. BNP Paribas Arbitrage SA increased its position in Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after acquiring an additional 794 shares during the period. Finally, Zions Bancorporation bought a new position in Guidewire Software during the third quarter worth about $161,000.

Guidewire Software (NYSE: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 PE ratio of 206.38, a P/E/G ratio of 140.21 and a beta of 1.13.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $100.61 million. During the same period in the prior year, the business posted $0.02 earnings per share. Guidewire Software’s revenue was up 15.0% compared to the same quarter last year. equities analysts predict that Guidewire Software will post 0.05 EPS for the current fiscal year.

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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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