Guidewire Software, Inc. (NYSE:GWRE – Get Rating) was the target of unusually large options trading on Wednesday. Stock investors acquired 1,297 call options on the company. This represents an increase of 1,563% compared to the average daily volume of 78 call options.
Guidewire Software Price Performance
Shares of GWRE opened at $72.56 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.65 and a current ratio of 3.65. The company has a 50 day moving average price of $77.35 and a 200-day moving average price of $72.35. Guidewire Software has a fifty-two week low of $52.08 and a fifty-two week high of $83.51. The stock has a market capitalization of $5.92 billion, a PE ratio of -38.80 and a beta of 1.27.
Guidewire Software (NYSE:GWRE – Get Rating) last released its quarterly earnings results on Thursday, June 1st. The technology company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.01). The firm had revenue of $207.49 million for the quarter, compared to analysts’ expectations of $214.08 million. Guidewire Software had a negative net margin of 17.63% and a negative return on equity of 12.14%. During the same period in the previous year, the company posted ($0.61) earnings per share. Equities analysts predict that Guidewire Software will post -1.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Insiders Place Their Bets
In other news, CEO Michael George Rosenbaum sold 5,265 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $77.17, for a total transaction of $406,300.05. Following the transaction, the chief executive officer now owns 193,045 shares in the company, valued at $14,897,282.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Guidewire Software news, insider James Winston King sold 1,526 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $76.88, for a total transaction of $117,318.88. Following the completion of the sale, the insider now directly owns 35,550 shares of the company’s stock, valued at approximately $2,733,084. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 5,265 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $77.17, for a total transaction of $406,300.05. Following the completion of the sale, the chief executive officer now owns 193,045 shares of the company’s stock, valued at approximately $14,897,282.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,253 shares of company stock worth $2,024,289. 0.17% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Guidewire Software
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its holdings in shares of Guidewire Software by 39.0% during the 1st quarter. William Blair Investment Management LLC now owns 3,145,395 shares of the technology company’s stock valued at $258,080,000 after purchasing an additional 882,514 shares in the last quarter. Norges Bank purchased a new position in shares of Guidewire Software in the 4th quarter valued at about $47,584,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of Guidewire Software by 287.2% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 927,889 shares of the technology company’s stock valued at $58,049,000 after purchasing an additional 688,264 shares in the last quarter. Riverbridge Partners LLC increased its stake in shares of Guidewire Software by 54.0% in the 1st quarter. Riverbridge Partners LLC now owns 1,090,587 shares of the technology company’s stock valued at $89,483,000 after purchasing an additional 382,228 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Guidewire Software by 64.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 755,542 shares of the technology company’s stock valued at $47,123,000 after purchasing an additional 296,034 shares in the last quarter.
About Guidewire Software
Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.
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