Guidewire Software, Inc. $GWRE Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its stake in Guidewire Software by 11.9%, owning 233,043 shares valued at approximately $43.66 million after selling 31,511 shares in the 1st quarter.
• Guidewire Software reported an EPS of $0.88 for the last quarter, surpassing expectations and showing a 22.0% year-over-year revenue increase to $293.51 million.
• Several analysts have increased their price targets for Guidewire Software, with a consensus target price of $250.92 and a consensus rating of "Moderate Buy."

Raymond James Financial Inc. cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,043 shares of the technology company's stock after selling 31,511 shares during the period. Raymond James Financial Inc. owned approximately 0.28% of Guidewire Software worth $43,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ANB Bank raised its position in Guidewire Software by 3.5% during the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB raised its position 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 valued at $32,000 after purchasing an additional 70 shares during the period. Fifth Third Bancorp raised its position in Guidewire Software by 16.4% during the first quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after purchasing an additional 80 shares during the period. Resona Asset Management Co. Ltd. raised its position in Guidewire Software by 2.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock valued at $689,000 after purchasing an additional 80 shares during the period. Finally, True Wealth Design LLC raised its position in Guidewire Software by 14.4% during the fourth quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock valued at $114,000 after purchasing an additional 85 shares during the period.

Guidewire Software Stock Up 2.0%

NYSE GWRE traded up $4.31 during midday trading on Wednesday, hitting $216.45. 248,324 shares of the company traded hands, compared to its average volume of 950,880. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market cap of $18.22 billion, a PE ratio of 540.36, a price-to-earnings-growth ratio of 14.90 and a beta of 1.16. The company's 50-day simple moving average is $224.09 and its 200-day simple moving average is $211.55. Guidewire Software, Inc. has a 52 week low of $142.94 and a 52 week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

GWRE has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. JMP Securities increased their price target on Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 price target on shares of Guidewire Software in a report on Monday, June 23rd. Finally, Raymond James Financial raised their price objective on Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $250.92.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $214.70, for a total value of $300,580.00. Following the completion of the sale, the chief executive officer owned 224,668 shares of the company's stock, valued at $48,236,219.60. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 799 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $211.61, for a total value of $169,076.39. Following the completion of the sale, the insider directly owned 36,642 shares of the company's stock, valued at $7,753,813.62. The trade was a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,541 shares of company stock valued at $6,037,939 in the last quarter. 0.48% of the stock is currently 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.