Short Interest in Guidewire Software, Inc. (NYSE:GWRE) Rises By 7.1%

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,820,000 shares, a growth of 7.1% from the September 30th total of 1,700,000 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 852,700 shares, the days-to-cover ratio is presently 2.1 days.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares of the company’s stock, valued at $27,562,643.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now directly owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,601 shares of company stock worth $9,050,448. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the second quarter valued at $31,000. ORG Partners LLC bought a new stake in shares of Guidewire Software during the 1st quarter worth $29,000. DT Investment Partners LLC bought a new stake in Guidewire Software in the 2nd quarter valued at $41,000. Lynx Investment Advisory bought a new stake in Guidewire Software in the 2nd quarter valued at $41,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares in the last quarter.

Guidewire Software Trading Down 0.6 %

NYSE GWRE traded down $1.16 during trading hours on Friday, reaching $185.10. The company had a trading volume of 236,253 shares, compared to its average volume of 694,144. The stock has a market capitalization of $15.46 billion, a P/E ratio of -2,313.46, a price-to-earnings-growth ratio of 49.03 and a beta of 1.19. Guidewire Software has a 1-year low of $89.08 and a 1-year high of $191.48. The stock has a 50-day moving average of $173.01 and a 200 day moving average of $145.43.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, sell-side analysts predict that Guidewire Software will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Robert W. Baird upped their target price on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised their price objective on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.62.

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.