Northern Trust Corp Acquires 205,127 Shares of Guidewire Software, Inc. $GWRE

Key Points

• Northern Trust Corp increased its stake in Guidewire Software, Inc. by 38.1%, acquiring an additional 205,127 shares during the first quarter, and now holds approximately 0.89% of the company valued at $139.43 million.
• Insiders, including James Winston King and President John P. Mullen, have recently sold shares of Guidewire Software, with King selling 799 shares and Mullen selling 3,000 shares, resulting in a decrease in their ownership percentages.
• Analysts have set a consensus price target of $250.92 for Guidewire Software, with ten analysts rating it as "Buy" and the recent quarterly earnings showing a 22.0% year-over-year revenue increase.

Northern Trust Corp lifted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 38.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 744,183 shares of the technology company's stock after purchasing an additional 205,127 shares during the period. Northern Trust Corp owned 0.89% of Guidewire Software worth $139,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC bought a new position in Guidewire Software in the 1st quarter worth approximately $33,000. Brooklyn Investment Group lifted its holdings in Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares in the last quarter. Finally, Colonial Trust Co SC boosted its position in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the last quarter.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of recent research reports. DA Davidson restated a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a research report on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. The Goldman Sachs Group boosted their price objective on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JMP Securities upped their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. Finally, Citigroup raised their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software Stock Up 1.6%

GWRE stock traded up $3.51 during mid-day trading on Thursday, hitting $219.93. 107,209 shares of the company were exchanged, compared to its average volume of 947,678. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20. The firm's 50 day simple moving average is $223.49 and its 200 day simple moving average is $211.59. The firm has a market cap of $18.52 billion, a P/E ratio of 549.53, a P/E/G ratio of 14.96 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last released 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 net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business's quarterly revenue 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. On average, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 2,482 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider owned 37,441 shares in the company, valued at approximately $8,261,356.65. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the sale, 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. In the last ninety days, insiders sold 26,541 shares of company stock valued at $6,037,939. Company insiders own 0.48% of the company's stock.

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.