Guidewire Software, Inc. $GWRE Stake Increased by Whittier Trust Co.

Whittier Trust Co. boosted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,638 shares of the technology company’s stock after acquiring an additional 6,251 shares during the period. Whittier Trust Co.’s holdings in Guidewire Software were worth $10,295,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares in the last quarter. Stockbridge Partners LLC grew its stake in Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after purchasing an additional 405,850 shares in the last quarter. AQR Capital Management LLC increased its holdings in Guidewire Software by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock valued at $264,693,000 after buying an additional 45,289 shares during the last quarter. Capital World Investors bought a new stake in Guidewire Software in the fourth quarter valued at about $202,405,000. Finally, Qube Research & Technologies Ltd raised its stake in Guidewire Software by 34.4% during the third quarter. Qube Research & Technologies Ltd now owns 982,747 shares of the technology company’s stock valued at $225,894,000 after buying an additional 251,280 shares in the last quarter.

Guidewire Software Stock Performance

Shares of GWRE traded up $1.51 during trading hours on Tuesday, reaching $139.10. 231,944 shares of the company’s stock traded hands, compared to its average volume of 1,675,977. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 74.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The business’s fifty day simple moving average is $131.41 and its two-hundred day simple moving average is $147.30. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $355.92 million. During the same period last year, the firm posted $0.88 earnings per share. The business’s revenue was up 26.9% on a year-over-year basis. Analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $308,011.56. Following the transaction, the chief financial officer directly owned 63,467 shares in the company, valued at approximately $7,536,071.58. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President John P. Mullen sold 4,292 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $509,632.08. Following the transaction, the president owned 131,115 shares in the company, valued at approximately $15,568,595.10. This trade represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 29,709 shares of company stock valued at $3,716,920. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GWRE. BTIG Research restated a “buy” rating and set a $175.00 price objective on shares of Guidewire Software in a research note on Thursday, July 2nd. Stifel Nicolaus decreased their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. DA Davidson lowered their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Royal Bank Of Canada dropped their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.36.

About Guidewire Software

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.