Kodai Capital Management LP Lowers Stock Position in Guidewire Software, Inc. $GWRE

Key Points

• Kodai Capital Management LP reduced its holdings in Guidewire Software by 11.9%, currently holding 199,059 shares valued at approximately $37.3 million.
• Insider transactions recently included CEO Michael George Rosenbaum selling 1,400 shares for $359,100, reflecting a 0.57% decrease in his position.
• Guidewire Software has shown revenue growth of 22.0% year-over-year, with quarterly earnings beating expectations at $0.88 EPS, surpassing the $0.47 consensus estimate.

Kodai Capital Management LP lowered its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 199,059 shares of the technology company's stock after selling 26,940 shares during the period. Guidewire Software accounts for approximately 1.5% of Kodai Capital Management LP's holdings, making the stock its 20th biggest holding. Kodai Capital Management LP owned 0.24% of Guidewire Software worth $37,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Guidewire Software by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company's stock valued at $1,632,206,000 after buying an additional 256,070 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 16.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock valued at $966,252,000 after purchasing an additional 720,322 shares during the period. Linonia Partnership LP boosted its stake in Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Stockbridge Partners LLC boosted its stake in Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after purchasing an additional 205,382 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company's stock valued at $313,410,000 after purchasing an additional 24,991 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on GWRE. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. Citigroup boosted their price objective on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Robert W. Baird boosted their target price on shares of Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Oppenheimer upped their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $258.08.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $0.41 on Tuesday, hitting $217.43. The company had a trading volume of 644,936 shares, compared to its average volume of 946,782. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $222.11 and a 200 day moving average price of $211.59. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 543.58, a P/E/G ratio of 15.30 and a beta of 1.22.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $286.40 million. During the same period last year, the company posted $0.26 EPS. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. Analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 799 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $211.61, for a total value of $169,076.39. Following the sale, the insider directly owned 36,642 shares in the company, valued at approximately $7,753,813.62. The trade was a 2.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $223.28, for a total value of $669,840.00. Following the sale, the president owned 143,489 shares in the company, valued at approximately $32,038,223.92. This represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,541 shares of company stock worth $6,037,939. 0.48% of the stock is owned by corporate insiders.

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.