Hilltop National Bank bought a new stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 1,026 shares of the technology company’s stock, valued at approximately $242,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Portside Wealth Group LLC boosted its holdings in Guidewire Software by 148.1% in the first quarter. Portside Wealth Group LLC now owns 2,724 shares of the technology company’s stock valued at $510,000 after purchasing an additional 1,626 shares during the period. Empower Advisory Group LLC purchased a new position in Guidewire Software in the first quarter valued at $692,000. Praxis Investment Management Inc. purchased a new position in Guidewire Software in the first quarter valued at $347,000. Principal Financial Group Inc. boosted its holdings in Guidewire Software by 3,320.4% in the first quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company’s stock valued at $36,131,000 after purchasing an additional 187,205 shares during the period. Finally, OMNI 360 Wealth Inc. purchased a new stake in Guidewire Software during the 1st quarter worth about $211,000.
Wall Street Analyst Weigh In
GWRE has been the subject of a number of recent analyst reports. Citigroup lifted their price target on Guidewire Software from $247.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. DA Davidson lifted their price target on Guidewire Software from $246.00 to $250.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Oppenheimer lifted their price target on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Saturday, September 27th. Finally, Royal Bank Of Canada lifted their price target on Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $274.08.
Insiders Place Their Bets
In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $232.25, for a total value of $325,150.00. Following the transaction, the chief executive officer owned 262,158 shares in the company, valued at $60,886,195.50. The trade was a 0.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $230.73, for a total value of $692,190.00. Following the completion of the transaction, the president owned 155,958 shares in the company, valued at $35,984,189.34. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 115,427 shares of company stock worth $27,599,454. Corporate insiders own 0.48% of the company’s stock.
Guidewire Software Stock Down 0.5%
Guidewire Software stock opened at $229.89 on Friday. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.77 and a current ratio of 2.77. The company has a market capitalization of $19.43 billion, a P/E ratio of 287.36 and a beta of 1.21. The stock has a 50-day simple moving average of $228.29 and a 200-day simple moving average of $219.04.
Guidewire Software (NYSE:GWRE – Get Free Report) last posted its earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.22. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The business had revenue of $356.57 million during the quarter, compared to the consensus estimate of $337.82 million. During the same period in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
About Guidewire Software
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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