Investors Buy Large Volume of Call Options on Guidewire Software (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) saw some unusual options trading on Wednesday. Stock investors bought 1,297 call options on the company. This represents an increase of 1,563% compared to the typical volume of 78 call options.

Guidewire Software Trading Down 0.1 %

NYSE GWRE opened at $174.39 on Friday. The firm’s 50 day moving average price is $188.41 and its two-hundred day moving average price is $165.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software has a twelve month low of $102.66 and a twelve month high of $209.15. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 484.42, a PEG ratio of 45.60 and a beta of 1.18.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the sale, the president now directly owns 180,746 shares in the company, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,069 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $174.43, for a total transaction of $186,465.67. Following the completion of the transaction, the chief financial officer now owns 73,842 shares of the company’s stock, valued at approximately $12,880,260.06. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,347 shares of company stock worth $4,057,594 over the last ninety days. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after acquiring an additional 256,702 shares during the last quarter. Teca Partners LP purchased a new stake in shares of Guidewire Software during the second quarter worth $25,893,000. Linonia Partnership LP boosted its position in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Guidewire Software during the second quarter valued at $22,318,000.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.