Northwestern Mutual Wealth Management Co. Invests $1.56 Million in Guidewire Software, Inc. $GWRE

Key Points

• Northwestern Mutual Wealth Management initiated a $1.56 million position in Guidewire Software during the second quarter, joining several institutional investors that recently increased their holdings.
• Guidewire reported quarterly EPS of $0.82, exceeding expectations by $0.08, while revenue rose 26.9% year over year to $372.54 million. The stock opened at $188.77, down 1.6%, with a market cap of approximately $15.72 billion.
• Analysts maintain a consensus “Moderate Buy” rating and an average price target of $221.64, although recent targets were reduced. Company insiders sold 44,593 shares worth $6.63 million over the past 90 days under pre-arranged trading plans.

Northwestern Mutual Wealth Management Co. purchased a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,689 shares of the technology company's stock, valued at approximately $1,561,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock worth $357,504,000 after purchasing an additional 145,924 shares in the last quarter. Stockbridge Partners LLC increased its position in shares of Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock valued at $290,501,000 after buying an additional 405,850 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Guidewire Software by 3.6% during the 4th quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company's stock worth $264,693,000 after buying an additional 45,289 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Guidewire Software by 547.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock worth $176,537,000 after buying an additional 997,992 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of Guidewire Software in the 4th quarter worth about $202,405,000.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 14,400 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the sale, the president owned 116,715 shares in the company, valued at approximately $21,592,275. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $187.82, for a total transaction of $225,384.00. Following the completion of the sale, the chief executive officer directly owned 187,776 shares of the company's stock, valued at $35,268,088.32. The trade was a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 44,593 shares of company stock worth $6,631,278 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 1.6%

GWRE opened at $188.77 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.72 billion, a P/E ratio of 102.04 and a beta of 0.92. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The business's fifty day simple moving average is $147.47 and its 200 day simple moving average is $142.73.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to analysts' expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm's quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on GWRE. Piper Sandler started coverage on shares of Guidewire Software in a research note on Monday, August 10th. They issued an "overweight" rating and a $210.00 price objective on the stock. Wells Fargo & Company cut their target price on shares of Guidewire Software from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Friday, June 5th. Guggenheim assumed coverage on shares of Guidewire Software in a report on Thursday, July 23rd. They issued a "buy" rating and a $180.00 price target on the stock. Zacks Research lowered shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Finally, Citizens Jmp dropped their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a "market outperform" rating for the company in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $221.64.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

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