Crescent Park Management L.P. Has $1.16 Million Position in Guidewire Software, Inc. $GWRE

Key Points

• Crescent Park Management L.P. has significantly reduced its stake in Guidewire Software by selling 14,584 shares, resulting in a 70.2% decrease in holdings to 6,185 shares.
• Guidewire Software recently reported an earnings per share (EPS) of $0.88 for the quarter, exceeding expectations, with a revenue increase of 22.0% year-over-year.
• Analysts have raised their price targets for Guidewire Software, with Citigroup now projecting a price of $247.00 and Goldman Sachs increasing their target to $270.00.

Crescent Park Management L.P. lowered its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 70.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,185 shares of the technology company's stock after selling 14,584 shares during the period. Guidewire Software comprises 0.5% of Crescent Park Management L.P.'s portfolio, making the stock its 26th largest holding. Crescent Park Management L.P.'s holdings in Guidewire Software were worth $1,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GWRE. SBI Securities Co. Ltd. raised its holdings in shares of Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Guidewire Software in the 1st quarter valued at $33,000. Brooklyn Investment Group grew its holdings in shares of Guidewire Software by 38.3% in 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 last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of Guidewire Software by 176.0% in 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 last quarter.

Insider Activity

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 sale, the insider directly owned 37,441 shares of the company's stock, valued at $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the completion of the transaction, the president owned 146,489 shares in the company, valued at $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,541 shares of company stock valued at $6,037,939. 0.48% of the stock is currently owned by insiders.

Guidewire Software Trading Up 2.1%

Shares of GWRE stock traded up $4.52 on Wednesday, reaching $216.66. 570,264 shares of the stock were exchanged, compared to its average volume of 952,926. 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, Inc. has a one year low of $142.94 and a one year high of $263.20. The stock has a market cap of $18.24 billion, a PE ratio of 541.66, a P/E/G ratio of 14.90 and a beta of 1.16. The stock has a 50 day moving average price of $224.09 and a 200 day moving average price of $211.55.

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, beating the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on GWRE. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Robert W. Baird boosted their target price on Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Oppenheimer increased their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.