Russell Investments Group Ltd. Decreases Stock Position in Guidewire Software, Inc. $GWRE

Russell Investments Group Ltd. decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 59.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,520 shares of the technology company's stock after selling 115,231 shares during the period. Russell Investments Group Ltd. owned 0.09% of Guidewire Software worth $14,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 3.0% during the first quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company's stock valued at $1,632,206,000 after purchasing an additional 256,070 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Guidewire Software by 16.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock valued at $966,252,000 after purchasing an additional 720,322 shares in the last quarter. Stockbridge Partners LLC increased its stake in shares of Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after purchasing an additional 205,382 shares in the last quarter. Invesco Ltd. increased its stake 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 valued at $267,382,000 after purchasing an additional 589,424 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Guidewire Software by 31.9% during the fourth quarter. AQR Capital Management LLC now owns 938,941 shares of the technology company's stock valued at $157,113,000 after purchasing an additional 227,238 shares in the last quarter.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $2.15 during mid-day trading on Friday, reaching $215.26. 96,070 shares of the company's stock traded hands, compared to its average volume of 958,125. Guidewire Software, Inc. has a 12 month low of $142.94 and a 12 month high of $263.20. The firm has a 50 day moving average price of $226.44 and a two-hundred day moving average price of $211.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a market capitalization of $18.12 billion, a PE ratio of 538.15, a price-to-earnings-growth ratio of 15.24 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The company's revenue for the quarter 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, research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GWRE. Bank of America raised their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research report on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and an average price target of $250.92.

Insider Activity

In other news, insider James Winston King sold 799 shares of the business'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 completion of the sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the sale, the president directly owned 143,489 shares of the company's stock, valued at approximately $32,038,223.92. The trade was a 2.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,541 shares of company stock valued at $6,034,187 in the last 90 days. Company insiders own 0.48% of the company's stock.

Guidewire Software 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.