MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $11.28 Million Stock Position in Guidewire Software, Inc. $GWRE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in Guidewire Software, Inc. by 12.1% during the first quarter, owning approximately $11.3 million worth of shares after selling 8,273 shares.
• Guidewire Software reported an EPS of $0.84 for the last quarter, exceeding expectations and marking a 22.3% revenue increase compared to the previous year.
• Multiple analysts have recently raised their price targets for Guidewire Software, with Goldman Sachs increasing theirs to $305.00 and JPMorgan Chase to $288.00, indicating a general optimism about the company's growth potential.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,198 shares of the technology company's stock after selling 8,273 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Guidewire Software worth $11,279,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GWRE. Linonia Partnership LP boosted its stake in Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 16.2% during 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 during the period. Invesco Ltd. boosted 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 valued at $267,382,000 after purchasing an additional 589,424 shares during the period. Congress Asset Management Co. bought a new stake in shares of Guidewire Software in the 1st quarter worth approximately $85,453,000. Finally, Janus Henderson Group PLC lifted its position in shares of Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after acquiring an additional 393,445 shares during the period.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Raymond James Financial reiterated an "outperform" rating and issued a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Bank of America raised their price objective on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Robert W. Baird raised their price objective on Guidewire Software from $270.00 to $288.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, Stifel Nicolaus raised their price objective on Guidewire Software from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $274.08.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 799 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $211.61, for a total transaction of $169,076.39. Following the completion of the sale, the insider directly owned 36,642 shares of the company's stock, valued at $7,753,813.62. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $261.28, for a total value of $365,792.00. Following the sale, the chief executive officer directly owned 221,868 shares of the company's stock, valued at $57,969,671.04. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,941 shares of company stock valued at $6,987,551 in the last three months. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of GWRE traded down $0.23 during mid-day trading on Friday, reaching $252.96. The company had a trading volume of 535,872 shares, compared to its average volume of 809,281. The company's 50-day moving average is $224.00 and its 200-day moving average is $213.75. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The company has a market capitalization of $21.30 billion, a P/E ratio of 316.20, a P/E/G ratio of 16.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.22. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The firm had revenue of $356.57 million during the quarter, compared to analysts' expectations of $337.82 million. During the same period last year, the firm posted $0.62 EPS. The business's revenue was up 22.3% on a year-over-year basis. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS 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.