Riverbridge Partners LLC Sells 127,262 Shares of Guidewire Software, Inc. $GWRE

Key Points

• Riverbridge Partners LLC sold 127,262 shares of Guidewire Software, Inc., reducing its holdings by 29.9% during the second quarter, now owning approximately 0.35% of the company worth $70.28 million.
• Insider transactions included significant sales by James Winston King and President John P. Mullen, leading to a 15.65% and 9.08% decrease in their respective ownership stakes.
• Guidewire Software's recent earnings report exceeded estimates, with a reported $0.84 EPS against a consensus of $0.62, reflecting a 22.3% year-over-year revenue increase.

Riverbridge Partners LLC reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 29.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,511 shares of the technology company's stock after selling 127,262 shares during the period. Riverbridge Partners LLC owned about 0.35% of Guidewire Software worth $70,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Portside Wealth Group LLC boosted its holdings in Guidewire Software by 148.1% in the first quarter. Portside Wealth Group LLC now owns 2,724 shares of the technology company's stock valued at $510,000 after acquiring an additional 1,626 shares during the last quarter. Empower Advisory Group LLC bought a new stake in Guidewire Software in the first quarter valued at approximately $692,000. Praxis Investment Management Inc. bought a new stake in Guidewire Software in the first quarter valued at approximately $347,000. Principal Financial Group Inc. boosted its holdings in Guidewire Software by 3,320.4% in the first quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company's stock valued at $36,131,000 after acquiring an additional 187,205 shares during the last quarter. Finally, OMNI 360 Wealth Inc. bought a new stake in Guidewire Software in the first quarter valued at approximately $211,000.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 7,162 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $248.82, for a total transaction of $1,782,048.84. Following the transaction, the insider directly owned 38,615 shares of the company's stock, valued at $9,608,184.30. This represents a 15.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 15,869 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total value of $3,854,104.03. Following the sale, the president owned 158,958 shares of the company's stock, valued at $38,606,129.46. This trade represents a 9.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,427 shares of company stock valued at $27,618,910 over the last ninety days. Company insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GWRE shares. DA Davidson upped their target price on Guidewire Software from $246.00 to $250.00 and gave the company a "neutral" rating in a report on Monday, September 8th. Citigroup upped their target price on Guidewire Software from $247.00 to $267.00 and gave the company a "neutral" rating in a report on Tuesday, September 9th. Wall Street Zen cut Guidewire Software from a "buy" rating to a "hold" rating in a report on Friday, September 5th. The Goldman Sachs Group boosted their price target on Guidewire Software from $270.00 to $305.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $274.08.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $236.86 on Thursday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The stock's 50 day moving average is $227.16 and its 200-day moving average is $216.58. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 296.08 and a beta of 1.22.

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 for the quarter, topping analysts' consensus estimates of $0.62 by $0.22. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The company had revenue of $356.57 million for the quarter, compared to analyst estimates of $337.82 million. During the same period in the prior year, the firm earned $0.62 earnings per share. Guidewire Software's revenue for the quarter was up 22.3% on a year-over-year basis. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.

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