Stock traders buy large volume of call options from Guidewire software (NYSE:GWRE)

Guidewire Software, Inc. (NYSE: GWRE – Get Rating) was the target of unusually large options trades on Wednesday. Investors bought 1,297 call options on the stock. This is a 1,563% increase from the typical daily volume of 78 call options.

A number of equity research analysts have weighed in on GWRE shares recently. Robert W. Baird lowered his price target on Guidewire Software from $118.00 to $89.00 and set a “neutral” rating for the company in a Thursday, June 16 research note. BTIG Research lowered its price target on Guidewire Software from $146.00 to $125.00 in a Wednesday, March 9 research report. JMP Securities upgraded Guidewire Software from a “market performer” rating to an “outperformer” rating and set a target price of $110.00 on the stock in a Friday, March 18 research report. Citigroup lowered its target price on Guidewire Software from $89.00 to $88.00 and set a “neutral” rating on the stock in a Wednesday, June 8 research report. Finally, Stifel Nicolaus reduced his price target on Guidewire Software from $100.00 to $85.00 in a Wednesday, June 8 research note. Three investment analysts gave the stock a sell rating, five gave the company a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $109.60.

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GWRE stock opened at $74.14 on Thursday. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt ratio of 0.24. Guidewire Software has a 1 year minimum of $69.61 and a 1 year maximum of $130.95. The company has a fifty-day simple moving average of $79.05 and a 200-day simple moving average of $91.36. The company has a market capitalization of $6.21 billion, a PE ratio of -40.96 and a beta of 1.31.

Guidewire Software (NYSE: GWRE – Get Rating) last released its quarterly earnings data on Tuesday, June 7. The technology company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.02. Guidewire Software recorded a negative net margin of 18.86% and a negative return on equity of 7.80%. The company posted revenue of $197.45 million for the quarter, versus a consensus estimate of $187.73 million. During the same quarter of the previous year, the company posted EPS ($0.39). The company’s revenues increased by 20.4% compared to the same quarter last year. As a group, analysts expect Guidewire Software to post -1.93 EPS for the current fiscal year.

Separately, director Marcus Ryu purchased 1,000 shares of the company in a transaction dated Thursday, June 16. The shares were purchased at an average price of $70.81 per share, with a total value of $70,810.00. As a result of the transaction, the administrator now owns 4,539 shares of the company, valued at approximately $321,406.59. The acquisition was disclosed in a filing with the SEC, available on the SEC’s website. Additionally, insider James Winston King sold 993 shares of the company in a trade on Friday, June 17. The shares were sold at an average price of $72.18, for a total value of $71,674.74. Following the transaction, the insider now owns 28,307 shares of the company, valued at approximately $2,043,199.26. The disclosure of this sale can be found here. Insiders sold 15,898 shares of the company worth $1,157,541 in the past three months. Insiders hold 0.17% of the company’s shares.

A number of large investors have recently changed their holdings in GWRE. UMB Bank NA MO acquired a new stake in Guidewire Software in the fourth quarter worth $25,000. Psagot Value Holdings Ltd. Israel bought a new position in Guidewire Software during the fourth quarter for a value of approximately $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Guidewire Software in Q1 worth approximately $31,000. Ellevest Inc. bought a new position in Guidewire Software in Q4, valued at around $32,000. Finally, Benjamin Edwards Inc. increased its stake in Guidewire Software shares by 9,075.0% in the 1st quarter. Benjamin Edwards Inc. now owns 367 shares of the tech company valued at $35,000 after buying 363 more shares in the last quarter.

Guidewire Software Company Profile (Get an assessment)

Guidewire Software, Inc provides software products to P&C insurers worldwide. The company offers Guidewire InsuranceSuite comprising the Guidewire PolicyCenter, BillingCenter and ClaimCenter applications. It also provides 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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