GDS Wealth Management Grows Position in Guidewire Software, Inc. $GWRE

Key Points

• GDS Wealth Management increased its stake in Guidewire Software, Inc. by 64.3%, acquiring an additional 12,064 shares, bringing its total to 30,816 shares valued at approximately $5.77 million.
• Guidewire reported better-than-expected quarterly earnings, posting $0.88 EPS, exceeding the consensus estimate of $0.47, with a 22% increase in revenue year-over-year.
• Analysts have a positive outlook on Guidewire, raising price targets with an average target of $250.92, while ten analysts rated the stock as a "Buy".

GDS Wealth Management increased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 64.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,816 shares of the technology company's stock after purchasing an additional 12,064 shares during the quarter. GDS Wealth Management's holdings in Guidewire Software were worth $5,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ANB Bank lifted its stake in shares of Guidewire Software by 3.5% in the 1st quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after purchasing an additional 54 shares during the period. Brooklyn Investment Group lifted its stake 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 valued at $42,000 after purchasing an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Guidewire Software by 70.0% during 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 in the last quarter. Fifth Third Bancorp increased its position in Guidewire Software by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after buying an additional 80 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Guidewire Software by 2.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock valued at $689,000 after buying an additional 80 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Bank of America raised their price objective on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company raised their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Oppenheimer raised their price objective on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $250.92.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 2,482 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the transaction, the insider directly owned 37,441 shares in the company, valued at $8,261,356.65. This trade represents a 6.22% decrease in their position. 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 firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the transaction, the president owned 146,489 shares in the company, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,541 shares of company stock worth $6,034,187 in the last ninety days. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 0.4%

Shares of Guidewire Software stock traded up $0.8250 on Friday, reaching $213.9350. The company's stock had a trading volume of 515,096 shares, compared to its average volume of 601,347. The company has a market capitalization of $18.01 billion, a price-to-earnings ratio of 534.84, a P/E/G ratio of 15.02 and a beta of 1.16. The firm's fifty day simple moving average is $225.65 and its two-hundred day simple moving average is $211.65. Guidewire Software, Inc. has a 52 week low of $142.94 and a 52 week high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

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

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.