Wellington Management Group LLP Acquires 24,991 Shares of Guidewire Software, Inc. $GWRE

Key Points

• Wellington Management Group LLP increased its stake in Guidewire Software by 1.5% during Q1, owning approximately 1.99% of the company, valued at around $313.4 million.
• Multiple institutional investors including Vanguard Group Inc. and Invesco Ltd. also expanded their positions in Guidewire Software, indicating heightened interest and confidence in the company.
• In recent trades, insiders, including the president and CEO, sold shares, leading to a modest decrease in their ownership percentages, raising questions about management's confidence in the company's near-term prospects.

Wellington Management Group LLP raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,672,767 shares of the technology company's stock after purchasing an additional 24,991 shares during the period. Wellington Management Group LLP owned 1.99% of Guidewire Software worth $313,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GWRE. Guggenheim Capital LLC bought a new position in Guidewire Software during the 4th quarter valued at approximately $237,000. NewEdge Advisors LLC raised its position in Guidewire Software by 179.0% during the 4th quarter. NewEdge Advisors LLC now owns 3,797 shares of the technology company's stock valued at $640,000 after purchasing an additional 2,436 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Guidewire Software by 41.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the technology company's stock valued at $1,770,000 after purchasing an additional 3,100 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Guidewire Software by 1.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 21,201 shares of the technology company's stock valued at $3,569,000 after purchasing an additional 312 shares during the last quarter. Finally, GeoWealth Management LLC raised its position in Guidewire Software by 401.7% during the 4th quarter. GeoWealth Management LLC now owns 893 shares of the technology company's stock valued at $151,000 after purchasing an additional 715 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GWRE shares. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Stifel Nicolaus increased their target price on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Oppenheimer increased their target price on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, Bank of America increased their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.92.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 2,482 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 3,000 shares of Guidewire Software 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 sale, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,541 shares of company stock valued at $6,034,187 in the last 90 days. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 0.4%

GWRE stock traded up $0.8250 on Friday, reaching $213.9350. 515,096 shares of the company traded hands, compared to its average volume of 601,347. Guidewire Software, Inc. has a one year low of $142.94 and a one year high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market cap of $18.01 billion, a P/E ratio of 534.84, a price-to-earnings-growth ratio of 15.02 and a beta of 1.16. The firm has a fifty day simple moving average of $225.65 and a 200-day simple moving average of $211.65.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.96% and a net margin of 3.04%.The company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same quarter last year, the company earned $0.26 EPS. The firm's revenue for the quarter 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. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.