Guidewire Software, Inc. $GWRE Stock Position Raised by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Guidewire Software by 47.9%, owning approximately 0.13% of the company, valued at $21.2 million after acquiring additional shares in Q1 2023.
• CEO Michael George Rosenbaum and President John P. Mullen both sold shares of Guidewire, reducing their holdings, with significant sales on June 9th and July 1st respectively.
• Guidewire Software reported a **22.0% increase** in revenue year-over-year for the last quarter, beating earnings estimates significantly with an EPS of $0.88 compared to the expected $0.47.

Panagora Asset Management Inc. lifted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,931 shares of the technology company's stock after acquiring an additional 36,568 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.13% of Guidewire Software worth $21,159,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted 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 worth $25,000 after buying an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position 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 worth $32,000 after buying an additional 70 shares in the last quarter. Dunhill Financial LLC purchased a new stake in Guidewire Software in the 1st quarter worth approximately $33,000. Brooklyn Investment Group lifted its position in Guidewire Software by 38.3% in 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 lifted 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 worth $48,000 after buying an additional 183 shares in the last quarter.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the transaction, the chief executive officer directly owned 245,993 shares in the company, valued at approximately $63,097,204.50. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the completion of the transaction, the president owned 146,489 shares in the company, valued at $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,541 shares of company stock worth $6,037,939. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Down 0.6%

Guidewire Software stock opened at $217.37 on Friday. The company has a market capitalization of $18.30 billion, a P/E ratio of 543.42, a P/E/G ratio of 15.30 and a beta of 1.16. The firm's fifty day simple moving average is $222.53 and its 200-day simple moving average is $211.59. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20.

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, 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 business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same period last year, the business posted $0.26 EPS. Guidewire Software's 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. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JMP Securities increased their target price on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report 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 research report on Monday, June 23rd. Stifel Nicolaus increased their target price on shares of 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 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. Finally, DA Davidson restated a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a report on Wednesday, June 4th. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

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