Guidewire Software, Inc. $GWRE Shares Sold by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management Inc. reduced its stake in Guidewire Software by 13.4%, selling 14,345 shares and now owning 92,402 shares worth approximately $17.31 million.
• Guidewire Software's share price opened at $213.21 and has experienced a 12-month high of $263.20 and a low of $142.94.
• Several analysts increased their price targets for Guidewire Software, with Stifel Nicolaus setting a new target of $270.00 and maintaining a "buy" rating.

Osterweis Capital Management Inc. cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 13.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,402 shares of the technology company's stock after selling 14,345 shares during the quarter. Osterweis Capital Management Inc. owned about 0.11% of Guidewire Software worth $17,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares during the last quarter. Ossiam acquired a new stake in Guidewire Software in the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Guidewire Software in the 1st quarter valued at $33,000. Finally, Brooklyn Investment Group increased its holdings in Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after purchasing an additional 62 shares in the last quarter.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,400 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 $296,254.00. Following the sale, the chief executive officer owned 226,068 shares of the company's stock, valued at approximately $47,838,249.48. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the transaction, the president owned 143,489 shares in the company, valued at $32,038,223.92. This represents a 2.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,541 shares of company stock valued at $6,034,187. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

NYSE GWRE traded up $0.8250 during trading hours on Friday, reaching $213.9350. The company's stock had a trading volume of 515,096 shares, compared to its average volume of 601,347. 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 business has a 50-day simple moving average of $225.65 and a 200 day simple moving average of $211.65. Guidewire Software, Inc. has a 52 week low of $142.94 and a 52 week high of $263.20. The stock has a market cap of $18.01 billion, a PE ratio of 534.84, a PEG ratio of 15.02 and a beta of 1.16.

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. The firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. Guidewire Software's revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GWRE shares. JMP Securities increased their price target on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. Oppenheimer raised their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company raised their target price on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Raymond James Financial raised their target price on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

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.