Guidewire Software, Inc. $GWRE Shares Sold by RGM Capital LLC

Key Points

• RGM Capital LLC has sold 23,864 shares of Guidewire Software, Inc., reducing its stake by 2.5% and holding a total of 924,419 shares, which represent 7.2% of its portfolio.
• Guidewire Software reported earnings of $0.88 per share for the recent quarter, significantly beating the consensus estimate of $0.47, alongside a revenue growth of 22% year-over-year.
• Multiple equities analysts have revised their price targets for Guidewire Software, with estimates ranging from $250.00 to $290.00, indicating a strong confidence in the stock's performance.

RGM Capital LLC decreased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 924,419 shares of the technology company's stock after selling 23,864 shares during the quarter. Guidewire Software makes up 7.2% of RGM Capital LLC's holdings, making the stock its 5th largest position. RGM Capital LLC owned about 1.10% of Guidewire Software worth $173,199,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its stake in shares of Guidewire Software by 403.8% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Guidewire Software by 70.0% in 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 during the last quarter. Dunhill Financial LLC purchased a new stake in shares of Guidewire Software in the first quarter worth about $33,000. Brooklyn Investment Group boosted its stake in shares of Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares during the last quarter. Finally, Colonial Trust Co SC boosted its stake in shares of Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after buying an additional 183 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00. Following the completion of the transaction, the chief executive officer owned 245,993 shares of the company's stock, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the sale, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. This represents a 2.01% 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 over the last quarter. 0.48% of the stock is currently owned by insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $1.34 during mid-day trading on Friday, reaching $217.37. 558,312 shares of the stock traded hands, compared to its average volume of 586,175. The business has a 50-day moving average of $222.53 and a 200 day moving average of $211.61. Guidewire Software, Inc. has a fifty-two week low of $142.94 and a fifty-two week high of $263.20. The stock has a market capitalization of $18.30 billion, a PE ratio of 543.42, a PEG ratio of 15.42 and a beta of 1.16. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upped their target price on Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. The Goldman Sachs Group increased their price target on Guidewire Software from $235.00 to $270.00 and gave the stock 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 research report on Friday, June 6th. Finally, Oppenheimer increased their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.08.

Guidewire Software Company 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.