Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Guidewire Software, Inc. $GWRE

Key Points

• Mirae Asset Global Investments Co. Ltd. significantly reduced its holdings in Guidewire Software, Inc. by 99.5%, owning only 271 shares after selling 50,129 during the second quarter.
• Multiple large investors, including SBI Securities Co. Ltd. and Dunhill Financial LLC, increased their stakes in Guidewire Software significantly during the first quarter.
• Analysts have raised their price targets for Guidewire Software, with Goldman Sachs increasing it to $305, reflecting strong market expectations for the company.

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 99.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271 shares of the technology company's stock after selling 50,129 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Guidewire Software were worth $64,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 105 shares during the period. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the 1st quarter worth approximately $25,000. Quarry LP purchased a new position in Guidewire Software in the 1st quarter worth approximately $28,000. Rise Advisors LLC purchased a new position in Guidewire Software in the 1st quarter worth approximately $31,000. Finally, Dunhill Financial LLC purchased a new position in Guidewire Software in the 1st quarter worth approximately $33,000.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $230.08, for a total transaction of $322,112.00. Following the sale, the chief executive officer directly owned 260,758 shares in the company, valued at $59,995,200.64. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $230.73, for a total value of $692,190.00. Following the completion of the sale, the president directly owned 155,958 shares in the company, valued at $35,984,189.34. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,545 shares of company stock valued at $26,742,022 over the last ninety days. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

GWRE has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Guidewire Software from $270.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Stifel Nicolaus lifted their price target on Guidewire Software from $270.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Oppenheimer lifted their price target on Guidewire Software from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Finally, Raymond James Financial reissued an "outperform" rating and set a $275.00 target price (up from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $274.08.

Guidewire Software Trading Up 1.3%

NYSE GWRE opened at $239.57 on Monday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The firm has a market capitalization of $20.25 billion, a PE ratio of 299.46 and a beta of 1.21. The stock's 50 day moving average is $229.09 and its 200 day moving average is $220.74.

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 the consensus estimate of $0.62 by $0.22. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The company had revenue of $356.57 million for the quarter, compared to analyst estimates of $337.82 million. During the same period in the previous year, the company posted $0.62 earnings per share. The firm'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. Research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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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