Guidewire Software, Inc. (NYSE:GWRE – Get a Free Report) was on the receiving end of some unusual options trades on Wednesday. Traders bought 1,297 call options on the stock. This represents an increase of 1,563% compared to the average daily volume of 78 call options.
Guidewire software stock rises 0.5%
Guidewire Software stock opened at $174.62 on Thursday. Guidewire Software has a fifty-two week low of $102.66 and a fifty-two week high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The company’s 50-day simple moving average is $188.71 and its 200-day simple moving average is $165.65. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 485.06, a price-to-earnings growth ratio of 45.60 and a beta of 1.18.
Wall Street analysts predict growth
GWRE has been the subject of several reports from research analysts. Citigroup raised their price objective on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9. JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4. Royal Bank of Canada raised their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6. Finally, Stifel Nicolaus raised their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of ‘Moderate Buy’ and a consensus target price of $193.00.
Get our latest research report on Guidewire software
Insider buying and selling at Guidewire Software
In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Wednesday, November 20. The stock sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the President now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This represents a 0.71% decrease in their ownership of the shares. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of Guidewire Software stock in a transaction dated Tuesday, December 17. The stock sold at an average price of $171.06, for a total value of $483,757.68. Following the transaction, the chief financial officer now directly owns 74,911 shares in the company, valued at $12,814,275.66. The transaction represented a 3.64% decrease in their ownership of the shares. The explanation of this sale can be found here. In the last three months, insiders have sold 23,347 shares of the company’s stock worth $4,057,594. Currently, 0.48% of the shares are owned by insiders.
Hedge funds weigh in on Guidewire software
A number of hedge funds and other institutional investors have recently changed their holdings of GWRE. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC increased its position in shares of Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after acquiring an additional 256,702 shares during the period. Teca Partners LP bought a new stake in shares of Guidewire Software during the second quarter worth approximately $25,893,000. Linonia Partnership LP increased its stake in shares of Guidewire Software by 8.4% in the second 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 period. Finally, Great Lakes Advisors LLC purchased a new position in Guidewire Software during the second quarter valued at $22,318,000.
About Guidewire software
(Get a free report)
Guidewire Software, Inc provides a platform for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications. It also offers Guidewire InsuranceNow, a cloud-based platform that provides policy, billing and claims management functionality to insurers; and Guidewire InsuranceSuite for self-management.
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