Guidewire Software, Inc. $GWRE Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd has reduced its stake in Guidewire Software, Inc. by 32.4%, now holding 2,741 shares valued at approximately $645,000.
• Several institutional investors, including Principal Financial Group, have significantly increased their holdings in Guidewire Software, indicating positive sentiment around the stock.
• Guidewire Software recently reported $356.57 million in revenue for the quarter, exceeding analyst expectations and marking a year-over-year increase of 22.3%.

Perpetual Ltd cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 32.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,741 shares of the technology company's stock after selling 1,315 shares during the quarter. Perpetual Ltd's holdings in Guidewire Software were worth $645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. NorthCrest Asset Manangement LLC raised its holdings in Guidewire Software by 5.6% during the second quarter. NorthCrest Asset Manangement LLC now owns 1,511 shares of the technology company's stock valued at $348,000 after acquiring an additional 80 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Guidewire Software by 4.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,920 shares of the technology company's stock valued at $7,584,000 after acquiring an additional 1,262 shares during the period. Longboard Asset Management LP bought a new stake in shares of Guidewire Software in the second quarter worth about $211,000. Jackson Square Capital LLC increased its holdings in shares of Guidewire Software by 9.7% in the second quarter. Jackson Square Capital LLC now owns 14,398 shares of the technology company's stock worth $3,390,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in shares of Guidewire Software by 9.3% in the second quarter. Pallas Capital Advisors LLC now owns 6,547 shares of the technology company's stock worth $1,541,000 after purchasing an additional 557 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Wells Fargo & Company lifted their target price on Guidewire Software from $265.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Raymond James Financial reaffirmed an "outperform" rating and issued a $275.00 target price (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Wall Street Zen cut Guidewire Software from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Nine 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $274.08.

Guidewire Software Trading Down 0.1%

Shares of NYSE:GWRE traded down $0.18 during trading hours on Monday, hitting $244.59. 574,355 shares of the company's stock traded hands, compared to its average volume of 872,474. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market capitalization of $20.68 billion, a P/E ratio of 305.74 and a beta of 1.22. The business has a fifty day moving average price of $226.40 and a 200-day moving average price of $216.26. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.22. The firm had revenue of $356.57 million during the quarter, compared to analyst estimates of $337.82 million. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.Guidewire Software's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In related news, CAO David Franklin Peterson sold 1,811 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $439,837.57. Following the completion of the transaction, the chief accounting officer owned 14,164 shares of the company's stock, valued at $3,440,010.68. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 14,103 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total transaction of $3,425,195.61. Following the completion of the transaction, the chief financial officer directly owned 84,646 shares of the company's stock, valued at $20,557,974.02. This trade represents a 14.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,330 shares of company stock valued at $23,607,754 in the last ninety days. Corporate insiders own 0.48% of the company's stock.

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.