Royal Bank of Canada Has $52.25 Million Stake in Guidewire Software, Inc. $GWRE

Key Points

• Royal Bank of Canada increased its stake in Guidewire Software, Inc. by 25.2% during the first quarter, owning approximately $52.25 million worth of shares.
• Guidewire reported $0.84 earnings per share for the latest quarter, surpassing expectations and demonstrating a 22.3% year-over-year increase in revenue.
• Multiple analysts have raised their price targets for Guidewire, with Royal Bank of Canada setting a new target of $300 and Goldman Sachs raising their target to $305.

Royal Bank of Canada grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 25.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 278,870 shares of the technology company's stock after purchasing an additional 56,066 shares during the period. Royal Bank of Canada owned about 0.33% of Guidewire Software worth $52,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Linonia Partnership LP lifted its holdings in Guidewire Software by 41.8% during the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock worth $636,333,000 after acquiring an additional 1,000,709 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 16.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock worth $966,252,000 after acquiring an additional 720,322 shares in the last quarter. Invesco Ltd. raised its position in shares of Guidewire Software by 70.4% during the first quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company's stock worth $267,382,000 after purchasing an additional 589,424 shares during the period. Congress Asset Management Co. bought a new position in shares of Guidewire Software during the 1st quarter valued at about $85,453,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after purchasing an additional 393,445 shares in the last quarter.

Guidewire Software Stock Up 0.0%

Shares of GWRE stock traded up $0.02 during trading on Thursday, reaching $253.06. The company's stock had a trading volume of 524,840 shares, compared to its average volume of 812,491. Guidewire Software, Inc. has a one year low of $165.08 and a one year high of $272.60. The business has a fifty day moving average price of $223.55 and a 200-day moving average price of $213.38. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 316.33, a price-to-earnings-growth ratio of 16.54 and a beta of 1.22. The company has a quick ratio of 3.23, a current ratio of 2.77 and a debt-to-equity ratio of 0.46.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $337.82 million. During the same quarter last year, the firm earned $0.62 earnings per share. The firm'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. Analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 799 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $211.61, for a total transaction of $169,076.39. Following the sale, the insider directly owned 36,642 shares of the company's stock, valued at approximately $7,753,813.62. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $214.30, for a total transaction of $642,900.00. Following the completion of the transaction, the president directly owned 140,489 shares of the company's stock, valued at approximately $30,106,792.70. This trade represents a 2.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,941 shares of company stock valued at $6,987,551. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $265.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, September 5th. DA Davidson raised their price objective on shares of Guidewire Software from $246.00 to $250.00 and gave the stock a "neutral" rating in a report on Monday. Oppenheimer upped their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Finally, Royal Bank Of Canada increased their target price on Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $274.08.

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.