Guidewire Software, Inc. $GWRE Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. has significantly reduced its stake in Guidewire Software, lowering its ownership by 87.3% down to approximately 43,607 shares, valued at about $8.17 million.
• Other institutional investors have adjusted their positions as well, with SBI Securities Co. Ltd. increasing its holdings by 403.8% in the first quarter.
• Guidewire Software reported earnings of $0.88 per share for the last quarter, outperforming the consensus estimate, and achieved a year-over-year revenue increase of 22.0%.

Citigroup Inc. decreased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 87.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,607 shares of the technology company's stock after selling 299,208 shares during the period. Citigroup Inc. owned 0.05% of Guidewire Software worth $8,170,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GWRE. Advisory Services Network LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth approximately $259,000. Guggenheim Capital LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth approximately $237,000. NewEdge Advisors LLC boosted its position in shares of Guidewire Software by 179.0% during the 4th quarter. NewEdge Advisors LLC now owns 3,797 shares of the technology company's stock worth $640,000 after purchasing an additional 2,436 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Guidewire Software by 41.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the technology company's stock worth $1,770,000 after purchasing an additional 3,100 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Guidewire Software by 1.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 21,201 shares of the technology company's stock worth $3,569,000 after purchasing an additional 312 shares during the period.

Insider Activity

In related news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction on Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the sale, the president directly owned 143,489 shares in the company, valued at $32,038,223.92. This trade represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 799 shares of Guidewire Software stock in a transaction on Monday, August 18th. The stock was sold at an average price of $211.61, for a total transaction of $169,076.39. Following the sale, the insider owned 36,642 shares in the company, valued at $7,753,813.62. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,541 shares of company stock worth $6,034,187. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 1.4%

Shares of GWRE traded down $3.0650 during midday trading on Thursday, reaching $213.0850. The stock had a trading volume of 493,570 shares, compared to its average volume of 605,570. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20. The company's fifty day simple moving average is $226.44 and its two-hundred day simple moving average is $211.67. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 532.71, a PEG ratio of 15.24 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same period last year, the business earned $0.26 EPS. The company's revenue was up 22.0% on a year-over-year basis. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Oppenheimer increased their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Bank of America increased their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. DA Davidson reiterated a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average price target of $250.92.

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.