Rafferty Asset Management LLC Acquires New Position in Guidewire Software, Inc. $GWRE

Key Points

• Rafferty Asset Management LLC acquired 1,431 shares of Guidewire Software, valued at approximately $268,000, indicating growing institutional interest in the company.
• Guidewire Software reported earnings of $0.88 per share, surpassing estimates by $0.41, and achieved a quarterly revenue increase of 22.0% compared to the previous year.
• Analysts' target prices for Guidewire Software have been raised significantly, with Citigroup increasing its target from $199 to $247 and the Goldman Sachs Group from $235 to $270.

Rafferty Asset Management LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,431 shares of the technology company's stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. grew its holdings in shares of 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 buying an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares in the last quarter. Dunhill Financial LLC acquired a new position in Guidewire Software during the 1st quarter valued at about $33,000. Brooklyn Investment Group grew its stake in shares of Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after acquiring an additional 62 shares in the last quarter. Finally, Colonial Trust Co SC raised its stake in Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares in the last quarter.

Insiders Place Their Bets

In other Guidewire Software news, insider James Winston King sold 2,482 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the transaction, the insider owned 37,441 shares in the company, valued at $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $223.75, for a total value of $313,250.00. Following the completion of the transaction, the chief executive officer directly owned 230,268 shares of the company's stock, valued at approximately $51,522,465. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,541 shares of company stock worth $6,621,759. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating and set a $275.00 price target (up previously from $255.00) on shares of Guidewire Software in a research note on Friday. Stifel Nicolaus increased their target price on Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a report on Friday. Robert W. Baird upped their target price on shares of Guidewire Software from $270.00 to $288.00 and gave the company an "outperform" rating in a report on Friday. Wall Street Zen downgraded Guidewire Software from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Bank of America boosted their price target on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $272.42.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded up $2.47 on Monday, reaching $263.18. 911,176 shares of the company traded hands, compared to its average volume of 961,095. The firm has a market capitalization of $22.16 billion, a PE ratio of 328.65, a PEG ratio of 18.38 and a beta of 1.22. Guidewire Software, Inc. has a 52 week low of $162.72 and a 52 week high of $272.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 3.23. The company has a 50 day moving average of $221.56 and a 200 day moving average of $212.04.

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

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.