MetLife Investment Management LLC Increases Position in Guidewire Software, Inc. $GWRE

Key Points

• MetLife Investment Management LLC significantly increased its holdings in Guidewire Software, raising its stake by 1,458.4% in the first quarter, bringing its total to approximately $9 million.
• Multiple institutional investors, including Invesco Ltd and Massachusetts Financial Services Co., have also substantially increased their stakes, indicating growing confidence in Guidewire Software.
• Guidewire Software reported earnings of $0.88 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 22.0% year-over-year.

MetLife Investment Management LLC lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1,458.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,969 shares of the technology company's stock after purchasing an additional 44,891 shares during the period. MetLife Investment Management LLC owned about 0.06% of Guidewire Software worth $8,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA increased its stake in shares of Guidewire Software by 16.2% in 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 in the last quarter. Invesco Ltd. increased its stake in Guidewire Software by 70.4% during the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company's stock worth $267,382,000 after buying an additional 589,424 shares in the last quarter. Congress Asset Management Co. purchased a new stake in Guidewire Software during the 1st quarter worth approximately $85,453,000. Janus Henderson Group PLC increased its stake in Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after buying an additional 393,445 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after buying an additional 329,863 shares in the last quarter.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the company's 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 transaction, the president directly owned 146,489 shares in the company, valued at approximately $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 245,993 shares in the company, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,541 shares of company stock worth $6,037,939. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GWRE shares. Citigroup boosted their price objective on Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Wells Fargo & Company boosted their price objective on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. DA Davidson reiterated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 4th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software Trading Up 0.4%

Shares of Guidewire Software stock opened at $212.21 on Wednesday. The stock has a market cap of $17.87 billion, a P/E ratio of 530.52, a P/E/G ratio of 14.90 and a beta of 1.16. The stock's 50 day simple moving average is $224.09 and its 200-day simple moving average is $211.55. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-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.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results 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 business had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The business'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 firm posted $0.26 EPS. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal 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.

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