Northwest & Ethical Investments L.P. Has $449,000 Stake in Guidewire Software, Inc. $GWRE

Key Points

• Northwest & Ethical Investments L.P. has increased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 300%, acquiring a total of 2,400 shares valued at approximately $449,000.
• Several large investors, including Massachusetts Financial Services Co. and Invesco Ltd., have also significantly increased their stakes in Guidewire Software during the first quarter.
• Analysts have raised their price targets for Guidewire Software, with an average estimated target price of $250.92 and a consensus rating of "Moderate Buy."

Northwest & Ethical Investments L.P. lifted its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 300.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,400 shares of the technology company's stock after acquiring an additional 1,800 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Guidewire Software were worth $449,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GWRE. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 16.2% in 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 acquiring an additional 720,322 shares in the last quarter. Invesco Ltd. raised its stake in shares of Guidewire Software by 70.4% in the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company's stock valued at $267,382,000 after acquiring an additional 589,424 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of Guidewire Software in the 1st quarter valued at approximately $85,453,000. Janus Henderson Group PLC raised its stake 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 valued at $93,683,000 after acquiring an additional 393,445 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Guidewire Software by 877.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after acquiring an additional 329,863 shares in the last quarter.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $0.8250 during trading on Friday, hitting $213.9350. 515,096 shares of the stock were exchanged, compared to its average volume of 601,347. 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 $18.01 billion, a price-to-earnings ratio of 534.84, a price-to-earnings-growth ratio of 15.02 and a beta of 1.16. The company's fifty day simple moving average is $225.65 and its 200-day simple moving average is $211.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The company had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same quarter last year, the firm earned $0.26 EPS. Guidewire Software's revenue for the quarter 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. Sell-side analysts expect 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 a number of recent analyst reports. Stifel Nicolaus raised their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their price target on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lifted their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Oppenheimer lifted their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Ten 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 MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 799 shares of Guidewire Software stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $223.28, for a total value of $669,840.00. Following the sale, the president directly owned 143,489 shares in the company, valued at $32,038,223.92. The trade was a 2.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,541 shares of company stock valued at $6,034,187. 0.48% of the stock is owned by corporate insiders.

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.