Large Outflow of Money Witnessed in Guidewire Software

Guidewire Software (NYSE:GWRE) jumped 0.15 points or 0.25% on strong buying and was last priced at $59.87 per share. The shares saw huge fund flow intraday; a massive $3.25 million made their way in through the upticks but an even bigger $4.54 million made their way out through downticks. As per the last observation, the net money flow stood at $(-1.28) million and the up/down ratio was found to be 0.72. The shares have seen a weekly value change of -1.84% .


Currently the company Insiders own 1.21% of Guidewire Software shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.44% . During last six month period, the net percent change held by insiders has seen a change of -50.94%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Ryu Marcus, director officer (CEO and President) of Guidewire Software, Inc., had unloaded 20,000 shares at an average price of $61.93 in a transaction dated on June 7, 2016. The total value of the transaction was worth $1,238,600.

Guidewire Software (NYSE:GWRE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.16 points or 0.27% at $59.56 with 398,180 shares getting traded. Post opening the session at $59.22, the shares hit an intraday low of $59.22 and an intraday high of $60.53 and the price was in this range throughout the day. The company has a market cap of $4,319 million and the number of outstanding shares have been calculated to be 72,522,807 shares. The 52-week high of Guidewire Software (NYSE:GWRE) is $64.78 and the 52-week low is $42.32.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Guidewire Software (NYSE:GWRE). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $65. The rating by the firm was issued on June 2, 2016.

Guidewire Software, Inc. is a provider of software products for property and casualty (P&C) insurers. The Companys software serves as a technology platform for P&C insurance carriers. Its platform consists of three products: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a variety of insurance carriers ranging from global insurers to national carriers to regional carriers. Its core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. InsuranceSuite Add-on Modules includes Guidewire Rating Management, Guidewire Reinsurance Management, Guidewire Client Data Management, Guidewire Standards-Based Templates and Guidewire London Market Messaging. Its data management and analytics includes Guidewire DataHub, Guidewire InfoCenter and Guidewire Live, and digital engagement includes Guidewire Digital Portals.

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