Linonia Partnership LP Acquires 1,000,709 Shares of Guidewire Software, Inc. $GWRE

Key Points

• Linonia Partnership LP increased its stake in Guidewire Software by 41.8%, now holding over 3.39 million shares, making it the largest position in their portfolio.
• Analysts are optimistic about Guidewire Software's future, with multiple firms adjusting their price targets upwards, leading to a consensus rating of "Moderate Buy" and an average price target of $250.92.
• The company reported earnings of $0.88 per share for the last quarter, significantly exceeding estimates, and saw a 22.0% increase in revenue year-over-year.

Linonia Partnership LP grew its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 41.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,396,310 shares of the technology company's stock after purchasing an additional 1,000,709 shares during the quarter. Guidewire Software comprises about 24.4% of Linonia Partnership LP's investment portfolio, making the stock its largest position. Linonia Partnership LP owned 4.05% of Guidewire Software worth $636,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GWRE. Guggenheim Capital LLC acquired a new position in Guidewire Software in the fourth quarter worth $237,000. NewEdge Advisors LLC lifted its stake in shares of Guidewire Software by 179.0% during the fourth quarter. NewEdge Advisors LLC now owns 3,797 shares of the technology company's stock valued at $640,000 after acquiring an additional 2,436 shares during the period. MML Investors Services LLC lifted its stake in shares of Guidewire Software by 25.8% during the fourth quarter. MML Investors Services LLC now owns 10,353 shares of the technology company's stock valued at $1,745,000 after acquiring an additional 2,123 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Guidewire Software by 49,766.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,496 shares of the technology company's stock valued at $252,000 after acquiring an additional 1,493 shares during the period. Finally, Stifel Financial Corp increased its holdings in Guidewire Software by 15.4% in the fourth quarter. Stifel Financial Corp now owns 43,533 shares of the technology company's stock valued at $7,339,000 after purchasing an additional 5,821 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their price target on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. The Goldman Sachs Group increased their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird increased their price target on Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Raymond James Financial increased their price target on Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $250.92.

Guidewire Software Stock Up 0.4%

Guidewire Software stock opened at $213.9350 on Monday. The firm has a market capitalization of $18.01 billion, a PE ratio of 534.84, a P/E/G ratio of 15.09 and a beta of 1.16. The company's 50-day moving average is $225.65 and its 200-day moving average is $211.56. Guidewire Software, Inc. has a fifty-two week low of $142.94 and a fifty-two week 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.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.41. The company had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. Guidewire Software's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, insider James Winston King sold 2,482 shares of Guidewire Software 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 sale, the insider directly owned 37,441 shares of the company's stock, valued at approximately $8,261,356.65. This trade represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction that occurred 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 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 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 valued at $6,034,187. 0.48% of the stock is owned by 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.

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