Ethic Inc. Raises Position in Guidewire Software, Inc. $GWRE

Key Points

• Ethic Inc. increased its holdings in Guidewire Software, Inc. by 13.6% in Q2, bringing their investment to approximately $2.4 million.
• Company insiders, including CAO David Franklin Peterson and President John P. Mullen, sold significant shares recently, indicating a decrease in ownership for both individuals.
• Equities research analysts have set varied price targets for Guidewire Software, with a range from $250.00 to $288.00, reflecting a generally positive outlook with nine analysts rating it as a Buy.

Ethic Inc. raised its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,270 shares of the technology company's stock after buying an additional 1,233 shares during the period. Ethic Inc.'s holdings in Guidewire Software were worth $2,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software during the 2nd quarter worth $58,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Guidewire Software by 3.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32,244 shares of the technology company's stock worth $7,592,000 after purchasing an additional 1,052 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Guidewire Software by 2.5% during the 2nd quarter. Whittier Trust Co. now owns 62,239 shares of the technology company's stock worth $14,654,000 after purchasing an additional 1,533 shares during the last quarter. Securian Asset Management Inc. lifted its position in shares of Guidewire Software by 1.6% during the 2nd quarter. Securian Asset Management Inc. now owns 6,421 shares of the technology company's stock worth $1,512,000 after purchasing an additional 100 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Guidewire Software by 53.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,719 shares of the technology company's stock worth $385,000 after purchasing an additional 599 shares during the last quarter.

Insider Buying and Selling

In other news, CAO David Franklin Peterson sold 1,811 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $439,837.57. Following the transaction, the chief accounting officer directly owned 14,164 shares in the company, valued at $3,440,010.68. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President John P. Mullen sold 15,869 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total transaction of $3,854,104.03. Following the transaction, the president owned 158,958 shares in the company, valued at $38,606,129.46. The trade was a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,743 shares of company stock valued at $27,306,431 in the last quarter. Corporate insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GWRE shares. DA Davidson lifted their price objective on shares of Guidewire Software from $246.00 to $250.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Raymond James Financial reaffirmed an "outperform" rating and set a $275.00 price objective (up from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, Citigroup lifted their price objective on shares of Guidewire Software from $247.00 to $267.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $274.08.

Guidewire Software Price Performance

Shares of GWRE opened at $249.99 on Friday. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60. The stock has a market cap of $21.13 billion, a PE ratio of 312.49, a price-to-earnings-growth ratio of 15.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a fifty day moving average price of $235.48 and a 200 day moving average price of $224.64.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.22. Guidewire Software had a net margin of 5.81% and a return on equity of 9.00%. The firm had revenue of $356.57 million during the quarter, compared to analysts' expectations of $337.82 million. During the same period in the previous year, the company earned $0.62 earnings per share. Guidewire Software's quarterly revenue was up 22.3% compared to the same quarter last year. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.

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