Nomura Holdings Inc. Has $20.52 Million Stock Holdings in Guidewire Software, Inc. $GWRE

Key Points

• Nomura Holdings Inc. reduced its stake in Guidewire Software by 37.3%, owning approximately 109,502 shares valued at around $20.52 million after selling 65,118 shares in the first quarter.
• Several large investors, including Vanguard Group and Massachusetts Financial Services, increased their positions in Guidewire Software, indicating positive market sentiment towards the company.
• Equities analysts have raised their price targets for Guidewire Software, with estimates now ranging from $258.08 to $290.00, reflecting a consensus rating of "Moderate Buy."

Nomura Holdings Inc. lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 37.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 109,502 shares of the technology company's stock after selling 65,118 shares during the period. Nomura Holdings Inc. owned approximately 0.13% of Guidewire Software worth $20,516,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company's stock worth $1,632,206,000 after purchasing an additional 256,070 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 worth $966,252,000 after purchasing an additional 720,322 shares during the last quarter. Linonia Partnership LP lifted its position in shares of Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock worth $636,333,000 after purchasing an additional 1,000,709 shares during the last quarter. Stockbridge Partners LLC lifted its position in shares of Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after purchasing an additional 205,382 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company's stock worth $313,410,000 after purchasing an additional 24,991 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GWRE shares. JPMorgan Chase & Co. upped their price target on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Wells Fargo & Company upped their price target on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. The Goldman Sachs Group upped their price target on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $290.00 price target on shares of Guidewire Software in a report on Monday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $258.08.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 3,000 shares of the 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 completion of the transaction, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. This represents a 2.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Winston King sold 2,482 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the completion of the transaction, the insider directly owned 37,441 shares of the company's stock, valued at approximately $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,541 shares of company stock valued at $6,037,939. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Trading Down 0.6%

Shares of GWRE opened at $217.37 on Monday. Guidewire Software, Inc. has a 1 year low of $142.94 and a 1 year high of $263.20. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $222.53 and a 200-day simple moving average of $211.55. The stock has a market cap of $18.30 billion, a PE ratio of 543.42, a PEG ratio of 15.30 and a beta of 1.22.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The business had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same period in the prior year, the firm posted $0.26 EPS. Guidewire Software's quarterly revenue was up 22.0% compared to the same quarter last year. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal 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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