Next Century Growth Investors LLC Purchases 6,810 Shares of Guidewire Software, Inc. $GWRE

Key Points

• Next Century Growth Investors LLC increased its stake in Guidewire Software, purchasing an additional 6,810 shares to own a total of 52,754 shares, valued at approximately $9.88 million.
• Several analysts have raised their price targets for Guidewire Software, with Bank of America setting a target of $160 and Wells Fargo at $265, indicating a generally positive sentiment about the company's prospects.
• Guidewire Software reported a strong performance last quarter, with $0.88 earnings per share and a year-over-year revenue increase of 22%, surpassing analysts' expectations.

Next Century Growth Investors LLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,754 shares of the technology company's stock after acquiring an additional 6,810 shares during the period. Next Century Growth Investors LLC owned 0.06% of Guidewire Software worth $9,884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. raised its stake in shares of Guidewire Software by 403.8% in the first 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 last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of Guidewire Software in the first quarter worth approximately $33,000. Brooklyn Investment Group raised its stake in shares of Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Finally, Colonial Trust Co SC raised its stake in shares of Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after purchasing an additional 183 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America increased their price target on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Raymond James Financial increased their price target on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer increased their price target on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their price target on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $250.92.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $214.70, for a total value of $300,580.00. Following the completion of the sale, the chief executive officer owned 224,668 shares of the company's stock, valued at approximately $48,236,219.60. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 799 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $211.61, for a total value of $169,076.39. Following the completion of the sale, the insider owned 36,642 shares of the company's stock, valued at approximately $7,753,813.62. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,541 shares of company stock valued at $6,037,939. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

NYSE:GWRE opened at $216.66 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The business has a fifty day simple moving average of $223.49 and a two-hundred day simple moving average of $211.59. Guidewire Software, Inc. has a 1 year low of $142.94 and a 1 year high of $263.20. The company has a market capitalization of $18.24 billion, a P/E ratio of 541.66, a P/E/G ratio of 14.96 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. The business had revenue of $293.51 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software Company 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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