Guidewire Software, Inc. $GWRE Shares Bought by Harbour Capital Advisors LLC

Key Points

• Harbour Capital Advisors LLC increased its stake in Guidewire Software by 24.9% during Q2, now holding 6,967 shares valued at approximately $1.6 million.
• Multiple analysts have raised their price targets for Guidewire Software, with The Goldman Sachs Group increasing its target from $270 to $305, forecasting a "buy" rating for the stock.
• Guidewire's recent earnings report showed an EPS of $0.84, surpassing expectations and marking a 22.3% revenue growth year-over-year, with revenue reaching $356.57 million.

Harbour Capital Advisors LLC raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,967 shares of the technology company's stock after buying an additional 1,390 shares during the quarter. Harbour Capital Advisors LLC's holdings in Guidewire Software were worth $1,587,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Assenagon Asset Management S.A. grew its holdings in shares of Guidewire Software by 362.7% in the second quarter. Assenagon Asset Management S.A. now owns 133,806 shares of the technology company's stock valued at $31,505,000 after purchasing an additional 104,890 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in shares of Guidewire Software by 5.6% in the second quarter. NorthCrest Asset Manangement LLC now owns 1,511 shares of the technology company's stock valued at $348,000 after purchasing an additional 80 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Guidewire Software by 4.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,920 shares of the technology company's stock valued at $7,584,000 after purchasing an additional 1,262 shares during the period. Longboard Asset Management LP purchased a new position in Guidewire Software during the second quarter worth about $211,000. Finally, Jackson Square Capital LLC boosted its stake in Guidewire Software by 9.7% during the second quarter. Jackson Square Capital LLC now owns 14,398 shares of the technology company's stock worth $3,390,000 after buying an additional 1,271 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on GWRE shares. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Bank of America increased their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Finally, The Goldman Sachs Group raised their target price on shares of Guidewire Software from $270.00 to $305.00 and gave the company a "buy" rating in a report on Friday, September 5th. Nine 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $274.08.

Guidewire Software Stock Performance

Guidewire Software stock opened at $245.03 on Friday. The stock has a market cap of $20.71 billion, a P/E ratio of 306.29 and a beta of 1.22. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $225.96 and a 200-day moving average of $215.44. Guidewire Software, Inc. has a 52 week low of $165.08 and a 52 week high of $272.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 4th. The technology company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.62 by $0.22. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The company had revenue of $356.57 million during the quarter, compared to analysts' expectations of $337.82 million. During the same period in the prior year, the business posted $0.62 EPS. The business's revenue was up 22.3% on a year-over-year basis. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 14,103 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total value of $3,425,195.61. Following the sale, the chief financial officer directly owned 84,646 shares in the company, valued at approximately $20,557,974.02. This trade represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 7,149 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $1,736,277.63. Following the completion of the sale, the insider owned 45,777 shares in the company, valued at $11,117,859.99. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,730 shares of company stock valued at $23,941,122 in the last three months. 0.48% of the stock is owned by corporate insiders.

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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