Segall Bryant & Hamill LLC cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 76.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,841 shares of the technology company’s stock after selling 34,405 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Guidewire Software were worth $1,716,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Comerica Bank raised its position in shares of Guidewire Software by 52.0% in the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock valued at $15,811,000 after purchasing an additional 26,912 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Guidewire Software by 3.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after buying an additional 15,260 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Guidewire Software by 547.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after buying an additional 997,992 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after buying an additional 145,924 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in Guidewire Software by 6.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company’s stock valued at $25,819,000 after buying an additional 7,459 shares during the last quarter.
Analyst Upgrades and Downgrades
GWRE has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Guggenheim began coverage on Guidewire Software in a research report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 target price on the stock. Royal Bank Of Canada decreased their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Finally, Oppenheimer lowered their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $221.00.
Guidewire Software Trading Up 1.9%
Shares of Guidewire Software stock opened at $160.29 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a 50-day moving average of $135.44 and a 200-day moving average of $140.15. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60. The stock has a market cap of $13.35 billion, a PE ratio of 86.64 and a beta of 0.92.
Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. During the same period last year, the firm earned $0.88 earnings per share. Guidewire Software’s revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.
Insider Buying and Selling at Guidewire Software
In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 2,594 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the transaction, the chief financial officer owned 63,467 shares in the company, valued at $7,536,071.58. This represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael George Rosenbaum sold 5,830 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20. Following the transaction, the chief executive officer directly owned 199,776 shares in the company, valued at $23,721,402.24. This represents a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 30,193 shares of company stock worth $3,814,734. 0.46% of the stock is currently owned by company insiders.
Guidewire Software Company Profile
Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
See Also
- Five stocks we like better than Guidewire Software
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software, Inc. (NYSE:GWRE – Free Report).
Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.
