Barbara Oil Co. Takes $1.37 Million Position in Guidewire Software, Inc. $GWRE

Key Points

• Barbara Oil Co. bought 10,500 Guidewire Software shares during the second quarter, establishing a position valued at approximately $1.37 million. Several other institutional investors also increased their holdings.
• Guidewire reported quarterly EPS of $0.82, exceeding estimates of $0.74, while revenue rose 26.9% year over year to $372.54 million. The stock opened at $189.19, with a market capitalization of $15.75 billion.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $221.64, although insiders sold 44,593 shares worth $6.57 million over the past 90 days.

Barbara Oil Co. bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,500 shares of the technology company's stock, valued at approximately $1,368,000.

Other large investors have also recently bought and sold shares of the company. Comerica Bank increased its holdings in shares of Guidewire Software by 52.0% during the 4th quarter. Comerica Bank now owns 78,659 shares of the technology company's stock worth $15,811,000 after acquiring an additional 26,912 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in 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 valued at $176,537,000 after purchasing an additional 997,992 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Guidewire Software by 3.0% during the first quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company's stock worth $78,492,000 after purchasing an additional 15,260 shares during the period. Geode Capital Management LLC boosted its position in Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock worth $357,504,000 after purchasing an additional 145,924 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Guidewire Software by 6.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company's stock valued at $25,819,000 after purchasing an additional 7,459 shares during the last quarter.

Guidewire Software Stock Performance

GWRE stock opened at $189.19 on Monday. 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 company's 50-day simple moving average is $144.61 and its 200 day simple moving average is $141.89. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The company has a market capitalization of $15.75 billion, a PE ratio of 102.26 and a beta of 0.92.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to analysts' expectations of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business's revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share 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 firm's 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 owned 63,467 shares in the company, valued at $7,536,071.58. This trade represents a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President John P. Mullen sold 14,400 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total value of $2,664,000.00. Following the transaction, the president owned 116,715 shares in the company, valued at approximately $21,592,275. This trade represents a 10.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,593 shares of company stock valued at $6,572,106 over the last ninety days. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GWRE. Oppenheimer increased their price objective on shares of Guidewire Software from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, August 17th. Citizens Jmp lowered their price target on shares of Guidewire Software from $300.00 to $220.00 and set a "market outperform" rating on the stock in a report on Friday, June 5th. Guggenheim assumed coverage on shares of Guidewire Software in a research report on Thursday, July 23rd. They set a "buy" rating and a $180.00 price objective for the company. The Goldman Sachs Group cut their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, June 5th. Finally, Wells Fargo & Company reduced their price objective on Guidewire Software from $210.00 to $190.00 and set an "overweight" rating for the company in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $221.64.

Guidewire Software 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.

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