New York State Teachers Retirement System Raises Stock Position in Guidewire Software, Inc. $GWRE

Key Points

• The New York State Teachers Retirement System raised its stake in Guidewire Software, increasing its holdings by 13.4% to 59,308 shares, now valued at approximately $13.96 million.
• Guidewire Software reported earnings of $0.84 per share for the quarter, surpassing expectations and showing a 22.3% year-over-year revenue growth.
• Analysts have recently raised their price targets for Guidewire Software, with Oppenheimer predicting a target of $300, reflecting a growing confidence in the company’s performance.

New York State Teachers Retirement System increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,308 shares of the technology company's stock after purchasing an additional 7,000 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Guidewire Software worth $13,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in Guidewire Software by 621.2% during the first quarter. Farther Finance Advisors LLC now owns 750 shares of the technology company's stock valued at $143,000 after buying an additional 646 shares during the period. GAMMA Investing LLC grew its position in Guidewire Software by 46.5% during the first quarter. GAMMA Investing LLC now owns 1,390 shares of the technology company's stock valued at $260,000 after buying an additional 441 shares during the period. State of Alaska Department of Revenue acquired a new stake in Guidewire Software during the first quarter valued at $1,833,000. Retirement Systems of Alabama acquired a new stake in Guidewire Software during the first quarter valued at $19,046,000. Finally, Praxis Investment Management Inc. acquired a new stake in Guidewire Software during the first quarter valued at $347,000.

Guidewire Software Stock Up 0.3%

Shares of NYSE GWRE opened at $244.66 on Friday. The company's 50-day simple moving average is $231.20 and its 200-day simple moving average is $222.35. Guidewire Software, Inc. has a 52-week low of $165.08 and a 52-week high of $272.60. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 305.83 and a beta of 1.21. 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 (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.22. Guidewire Software had a net margin of 5.81% and a return on equity of 9.00%. The business had revenue of $356.57 million for the quarter, compared to analyst estimates of $337.82 million. During the same quarter last year, the business earned $0.62 earnings per share. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

GWRE has been the topic of several analyst reports. Citigroup raised their price target on shares of Guidewire Software from $247.00 to $267.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Oppenheimer raised their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $265.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $274.08.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 14,103 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $3,425,195.61. Following the transaction, the chief financial officer directly owned 84,646 shares of the company's stock, valued at approximately $20,557,974.02. This trade represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President John P. Mullen sold 15,869 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total transaction of $3,854,104.03. Following the completion of the transaction, the president directly owned 158,958 shares in the company, valued at approximately $38,606,129.46. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,945 shares of company stock valued at $27,077,616. Company insiders own 0.48% of the company's stock.

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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