Guidewire Software, Inc. $GWRE Shares Sold by Greenstone Partners & Co. LLC

Key Points

• Greenstone Partners & Co. LLC recently reduced its stake in Guidewire Software by 1.2%, making it the firm's 6th largest position at 8.9% of their portfolio.
• Several institutional investors, including Invesco Ltd. and Massachusetts Financial Services Co., have significantly increased their holdings in Guidewire Software during the first quarter of this year.
• Guidewire Software beat earnings expectations with $0.88 EPS for the quarter and reported revenue of $293.51 million, reflecting a 22% increase year-over-year.

Greenstone Partners & Co. LLC cut its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,558 shares of the technology company's stock after selling 2,131 shares during the quarter. Guidewire Software comprises about 8.9% of Greenstone Partners & Co. LLC's investment portfolio, making the stock its 6th biggest holding. Greenstone Partners & Co. LLC owned 0.21% of Guidewire Software worth $33,642,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GWRE. AlphaQuest LLC raised its stake in Guidewire Software by 215.2% during the first quarter. AlphaQuest LLC now owns 1,453 shares of the technology company's stock worth $272,000 after acquiring an additional 992 shares in the last quarter. Compound Planning Inc. grew its position in shares of Guidewire Software by 21.8% in the 1st quarter. Compound Planning Inc. now owns 3,274 shares of the technology company's stock valued at $613,000 after buying an additional 586 shares during the last quarter. CW Advisors LLC acquired a new position in Guidewire Software during the 1st quarter worth approximately $10,678,000. Partners Capital Investment Group LLP purchased a new stake in shares of Guidewire Software in the first quarter worth approximately $286,000. Finally, GDS Wealth Management increased its position in shares of Guidewire Software by 64.3% during the first quarter. GDS Wealth Management now owns 30,816 shares of the technology company's stock valued at $5,774,000 after acquiring an additional 12,064 shares during the last quarter.

Guidewire Software Price Performance

Shares of GWRE stock traded up $4.27 on Wednesday, reaching $216.41. The company had a trading volume of 213,489 shares, compared to its average volume of 950,620. The business's 50-day moving average is $224.09 and its 200 day moving average is $211.55. The stock has a market capitalization of $18.22 billion, a PE ratio of 540.82, a price-to-earnings-growth ratio of 14.90 and a beta of 1.16. Guidewire Software, Inc. has a one year low of $142.94 and a one year 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 announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The firm 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 business posted $0.26 earnings per share. The company's revenue was up 22.0% on a year-over-year basis. 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.

Insider Buying and Selling

In other news, 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 transaction of $705,150.00. Following the sale, the president owned 146,489 shares in the company, valued at $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James Winston King sold 2,482 shares of the stock in a transaction that occurred 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 sale, the insider owned 37,441 shares in the company, valued at $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,541 shares of company stock valued at $6,037,939 in the last three months. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of research analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a report on Monday, June 23rd. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted 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. 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. Finally, Bank of America increased their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Ten research 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, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $250.92.

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.