Guidewire Software, Inc. $GWRE Shares Acquired by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC increased its stake in Guidewire Software by 3.4%, owning around 114,106 shares valued at approximately $21.4 million, as reported in its latest SEC filing.
• In the first quarter, several institutional investors significantly expanded their holdings in Guidewire Software, with Linonia Partnership LP increasing its position by 41.8% and Invesco Ltd. boosting it by 70.4%.
• Guidewire Software recently reported quarterly earnings of $0.88 per share, exceeding expectations, with revenue up 22.0% year-over-year, attracting favorable revisions to its stock ratings from various analysts.

Driehaus Capital Management LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,106 shares of the technology company's stock after buying an additional 3,773 shares during the quarter. Driehaus Capital Management LLC owned about 0.14% of Guidewire Software worth $21,379,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GWRE. ANB Bank raised its position in Guidewire Software by 3.5% in the 1st quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. Brooklyn Investment Group increased its stake in Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after buying an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after buying an additional 70 shares during the period. Fifth Third Bancorp increased its stake in Guidewire Software by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after buying an additional 80 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its stake in Guidewire Software by 2.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock valued at $689,000 after buying an additional 80 shares during the period.

Guidewire Software Trading Up 0.2%

Shares of GWRE stock traded up $0.41 during trading hours on Tuesday, hitting $217.43. 644,945 shares of the company were exchanged, compared to its average volume of 946,864. The firm has a market cap of $18.31 billion, a PE ratio of 543.58, a PEG ratio of 15.30 and a beta of 1.22. Guidewire Software, Inc. has a 1 year low of $142.94 and a 1 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. The firm has a fifty day moving average of $222.11 and a 200 day moving average of $211.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company's revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, President John P. Mullen sold 3,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the sale, the president owned 143,489 shares of the company's stock, valued at approximately $32,038,223.92. This represents a 2.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $214.70, for a total transaction of $300,580.00. Following the sale, the chief executive officer directly owned 224,668 shares of the company's stock, valued at approximately $48,236,219.60. This trade represents a 0.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,541 shares of company stock valued at $6,037,939. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GWRE shares. Robert W. Baird boosted their price objective on shares of Guidewire Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Oppenheimer upped their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research note on Monday, June 23rd. Wells Fargo & Company upped their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, JMP Securities upped their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average target price of $258.08.

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.