Guidewire Software, Inc. (NYSE:GWRE) Short Interest Down 5.9% in November

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,750,000 shares, a drop of 5.9% from the October 31st total of 1,860,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 869,600 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup raised their target price on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Robert W. Baird increased their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. BTIG Research boosted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.08.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 valued at $626,918,000 after acquiring an additional 679,558 shares during the period. Linonia Partnership LP grew its position in Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Geode Capital Management LLC increased its stake in Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after purchasing an additional 6,223 shares during the period. Whale Rock Capital Management LLC increased its stake in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after buying an additional 53,967 shares during the last quarter.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $1.29 on Tuesday, hitting $202.16. 76,595 shares of the company’s stock were exchanged, compared to its average volume of 696,149. Guidewire Software has a 1-year low of $95.02 and a 1-year high of $207.10. The company has a market capitalization of $16.88 billion, a PE ratio of -2,510.06, a P/E/G ratio of 52.48 and a beta of 1.18. The firm’s 50-day moving average is $189.83 and its 200 day moving average is $158.96.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. On average, analysts anticipate that Guidewire Software will post 0.53 EPS 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.