Guidewire Software, Inc. $GWRE Holdings Raised by Comerica Bank

Key Points

• Comerica Bank has increased its holdings in Guidewire Software by 130.2%, acquiring an additional 30,616 shares to own a total of 54,133 shares valued at approximately $10.14 million.
• Guidewire Software reported $0.88 EPS for the latest quarter, surpassing analysts' estimates of $0.47 by $0.41, with revenue of $293.51 million—an increase of 22% year-over-year.
• Stock analysts are optimistic about Guidewire Software, with price target increases from several brokerages, leading to an average target price of $250.92 and a majority rating of "Moderate Buy".

Comerica Bank raised its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 130.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,133 shares of the technology company's stock after purchasing an additional 30,616 shares during the quarter. Comerica Bank owned about 0.06% of Guidewire Software worth $10,142,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its position in Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after buying an additional 105 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after buying an additional 70 shares during the last quarter. Dunhill Financial LLC purchased a new position in Guidewire Software in the 1st quarter valued at about $33,000. Brooklyn Investment Group boosted its position in Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after buying an additional 62 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total transaction of $359,100.00. Following the completion of the transaction, the chief executive officer owned 245,993 shares in the company, valued at approximately $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 2,482 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $547,653.30. Following the transaction, the insider owned 37,441 shares of the company's stock, valued at $8,261,356.65. This represents a 6.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,541 shares of company stock worth $6,037,939. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded down $1.34 during trading hours on Monday, reaching $217.37. The company's stock had a trading volume of 558,312 shares, compared to its average volume of 587,566. The company's 50 day simple moving average is $222.11 and its 200 day simple moving average is $211.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a one year low of $142.94 and a one year high of $263.20. The stock has a market cap of $18.30 billion, a P/E ratio of 543.42, a price-to-earnings-growth ratio of 15.30 and a beta of 1.22.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GWRE shares. Raymond James Financial upped their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Citigroup boosted their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. boosted their target price 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. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $258.08.

Guidewire Software Company Profile

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.