Credit Agricole S A Raises Holdings in Guidewire Software, Inc. $GWRE

Key Points

• Credit Agricole S A increased its stake in Guidewire Software by 134.6% during the first quarter, owning 14,288 shares valued at approximately $2.68 million.
• Analysts have recently raised their price targets for Guidewire Software, with JMP Securities increasing it from $250 to $281 and Wells Fargo lifting it from $220 to $265, indicating positive market sentiment.
• Guidewire reported earnings of $0.88 per share for the last quarter, surpassing expectations and reflecting a 22.0% revenue growth year-over-year.

Credit Agricole S A lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 134.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,288 shares of the technology company's stock after buying an additional 8,197 shares during the period. Credit Agricole S A's holdings in Guidewire Software were worth $2,677,000 at the end of the most recent reporting period.

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

Guidewire Software Stock Up 2.1%

Shares of GWRE traded up $4.52 during mid-day trading on Wednesday, hitting $216.66. The company's stock had a trading volume of 570,276 shares, compared to its average volume of 952,927. The company's 50-day moving average is $224.09 and its 200-day moving average is $211.55. Guidewire Software, Inc. has a 52-week low of $142.94 and a 52-week high of $263.20. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 541.66, a PEG ratio of 14.90 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analysts' expectations 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 was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider James Winston King sold 2,482 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider owned 37,441 shares in the company, valued at $8,261,356.65. The trade was a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00. Following the transaction, the chief executive officer owned 245,993 shares of the company's stock, valued at approximately $63,097,204.50. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,541 shares of company stock worth $6,037,939 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. JMP Securities lifted their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software 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.