What’s in Guidewire Software Inc After Today’s Bullish Options Activity?

 What's in Guidewire Software Inc After Today's Bullish Options Activity?

In today’s session Guidewire Software Inc (GWRE) registered an unusually high (1,556) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GWRE increase. With 1,556 contracts traded and 414 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GWRE161216C00060000 closed last at: $2.65 or 65.6% up. About 91,413 shares traded hands. Guidewire Software Inc (NYSE:GWRE) has declined 3.26% since April 28, 2016 and is downtrending. It has underperformed by 9.19% the S&P500.

Guidewire Software Inc (NYSE:GWRE) Ratings Coverage

Out of 8 analysts covering Guidewire Software (NYSE:GWRE), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. $80 is the highest target while $60 is the lowest. The $69.67 average target is 27.65% above today’s ($54.58) stock price. Guidewire Software has been the topic of 14 analyst reports since September 1, 2015 according to StockzIntelligence Inc. On Friday, October 30 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Neutral” rating on Tuesday, October 4 by Goldman Sachs. The stock has “Buy” rating given by Deutsche Bank on Thursday, June 2. The stock of Guidewire Software Inc (NYSE:GWRE) earned “Buy” rating by UBS on Thursday, June 2. The stock of Guidewire Software Inc (NYSE:GWRE) has “Buy” rating given on Thursday, June 2 by Citigroup. The rating was initiated by Piper Jaffray with “Overweight” on Wednesday, June 1. On Friday, September 16 the stock rating was downgraded by Bank of America to “Underperform”.

According to Zacks Investment Research, “Guidewire Software Inc. provides core systems to the insurance industry. Its core system suite spans the entire property/casualty insurance lifecycle like underwriting, policy administration, billing, claims, and reinsurance management. Guidewire Software Inc. is headquartered in San Mateo, California.”

Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.06, from 1.02 in 2016Q1. The ratio increased, as 23 funds sold all Guidewire Software Inc shares owned while 66 reduced positions. 33 funds bought stakes while 58 increased positions. They now own 68.37 million shares or 3.46% less from 70.81 million shares in 2016Q1.
Renaissance Technology Ltd Company holds 74,600 shares or 0.01% of its portfolio. Century Inc last reported 896,982 shares in the company. Laurion Capital Mngmt L P last reported 0.14% of its portfolio in the stock. Cornerstone Inc accumulated 238 shares or 0.02% of the stock. Employees Retirement Association Of Colorado last reported 0.09% of its portfolio in the stock. Int last reported 0% of its portfolio in the stock. Tocqueville Asset Mgmt Lp has 0.01% invested in the company for 15,600 shares. Moreover, Rhumbline Advisers has 0.01% invested in Guidewire Software Inc (NYSE:GWRE) for 67,782 shares. Driehaus Cap Ltd Llc, a Illinois-based fund reported 66,567 shares. Segall Bryant Hamill Ltd has invested 0.98% of its portfolio in Guidewire Software Inc (NYSE:GWRE). Capstone Invest Limited Liability has invested 0.02% of its portfolio in Guidewire Software Inc (NYSE:GWRE). Brown Mngmt Limited Liability Company last reported 2.51 million shares in the company. Blackrock Advsr has 49,040 shares for 0% of their US portfolio. Vanguard Gp accumulated 0.02% or 5.05 million shares. Macquarie Limited, a Australia-based fund reported 326,876 shares.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 43 selling transactions for $11.44 million net activity. 15,000 Guidewire Software Inc (NYSE:GWRE) shares with value of $858,750 were sold by Ryu Marcus. 968 Guidewire Software Inc (NYSE:GWRE) shares with value of $61,952 were sold by Hung Priscilla. 94 shares were sold by Roza Scott, worth $5,416 on Monday, November 7. Shares for $48,416 were sold by Conway Craig. Polelle Michael sold $12,906 worth of stock or 208 shares. Kheirolomoom Ali sold 7,438 shares worth $437,820. Another trade for 5,944 shares valued at $349,836 was made by King James Winston on Monday, September 19.

Guidewire Software, Inc. is a provider of software products for property and casualty insurers. The company has a market cap of $3.88 billion. The Company’s software serves as a technology platform for P&C insurance carriers. It has a 537.89 P/E ratio. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

GWRE Company Profile

Guidewire Software, Inc., incorporated on September 20, 2001, is a well-known provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Firm sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers.

Another recent and important Guidewire Software Inc (NYSE:GWRE) news was published by Businesswire.com which published an article titled: “Guidewire to Acquire FirstBest Systems” on August 04, 2016.

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