Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 1,297 call options on the company. This represents an increase of approximately 1,563% compared to the average daily volume of 78 call options.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on GWRE shares. Bank of America lifted their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. Oppenheimer increased their price objective on Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. JMP Securities upped their price target on Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company upped their price objective on shares of Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.62.
Read Our Latest Stock Analysis on GWRE
Insider Activity at Guidewire Software
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in Guidewire Software during the 2nd quarter worth about $31,000. ORG Partners LLC bought a new stake in shares of Guidewire Software during the first quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in Guidewire Software in the 4th quarter valued at $27,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software in the second quarter valued at about $41,000. Finally, Lynx Investment Advisory bought a new stake in Guidewire Software in the 2nd quarter valued at approximately $41,000.
Guidewire Software Trading Down 0.3 %
Shares of GWRE stock opened at $180.36 on Thursday. Guidewire Software has a 12 month low of $85.15 and a 12 month high of $183.23. The company has a market capitalization of $14.91 billion, a P/E ratio of -1,389.46 and a beta of 1.18. The stock has a 50 day moving average of $156.13 and a two-hundred day moving average of $135.01.
Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Sell-side analysts predict that Guidewire Software will post 0.49 earnings per share for the current fiscal year.
Guidewire Software Company Profile
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.
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