CW Advisors LLC Buys New Shares in Guidewire Software, Inc. $GWRE

Key Points

• CW Advisors LLC acquired 56,989 shares of Guidewire Software, Inc. valued at approximately $10.68 million, representing an ownership stake of about 0.07% as of their latest SEC filing.
• Several institutional investors, including Partners Capital Investment Group and Credit Agricole S A, significantly increased their holdings in Guidewire Software during the first quarter.
• Guidewire Software reported earnings of $0.88 per share for the last quarter, exceeding analysts' expectations and reflecting a 22% year-over-year revenue increase.

CW Advisors LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,989 shares of the technology company's stock, valued at approximately $10,678,000. CW Advisors LLC owned about 0.07% of Guidewire Software at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Portside Wealth Group LLC increased its holdings in shares of Guidewire Software by 148.1% during the first quarter. Portside Wealth Group LLC now owns 2,724 shares of the technology company's stock worth $510,000 after purchasing an additional 1,626 shares during the period. Empower Advisory Group LLC bought a new position in shares of Guidewire Software during the first quarter worth approximately $692,000. Praxis Investment Management Inc. bought a new position in shares of Guidewire Software during the first quarter worth approximately $347,000. Principal Financial Group Inc. increased its stake in Guidewire Software by 3,320.4% in the first quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company's stock valued at $36,131,000 after acquiring an additional 187,205 shares during the last quarter. Finally, OMNI 360 Wealth Inc. bought a new position in Guidewire Software in the first quarter valued at approximately $211,000.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent research reports. Raymond James Financial lifted their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a 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 company a "buy" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $250.92.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $214.70, for a total value of $300,580.00. Following the sale, the chief executive officer directly owned 224,668 shares in the company, valued at $48,236,219.60. This represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Winston King sold 799 shares of the stock in a transaction that occurred 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 completion of 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. Insiders have sold 26,541 shares of company stock worth $6,037,939 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $3.62 during trading on Wednesday, reaching $215.76. 161,814 shares of the company's stock traded hands, compared to its average volume of 950,348. The company has a market capitalization of $18.17 billion, a P/E ratio of 539.39, 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. The firm's 50-day moving average is $224.09 and its 200 day moving average is $211.55. Guidewire Software, Inc. has a 1 year low of $142.94 and a 1 year high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $286.40 million. During the same period in the prior year, the company posted $0.26 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. 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 EPS for the current year.

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.