Sculptor Capital LP Has $35.09 Million Position in Guidewire Software, Inc. $GWRE

Key Points

• Sculptor Capital LP increased its holdings in Guidewire Software by 39.3% in Q1, owning approximately $35.09 million worth of shares after acquiring an additional 52,800 shares.
• Guidewire Software reported a quarterly earnings per share (EPS) of $0.88, surpassing the consensus estimate by $0.41, with a revenue increase of 22% year-over-year.
• Multiple analysts have raised their price targets for Guidewire Software, with Oppenheimer setting a new target at $275 and JPMorgan Chase & Co. at $288, indicating a positive outlook for the stock.

Sculptor Capital LP raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 39.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,300 shares of the technology company's stock after buying an additional 52,800 shares during the period. Sculptor Capital LP owned about 0.22% of Guidewire Software worth $35,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. SBI Securities Co. Ltd. boosted its stake in Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after purchasing an additional 105 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after buying an additional 70 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Guidewire Software during the 1st quarter valued at $33,000. Brooklyn Investment Group boosted its stake in shares of Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after buying an additional 62 shares during the period. Finally, Colonial Trust Co SC boosted its stake in shares of Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a report on Monday, June 23rd. JMP Securities raised their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 4th. Oppenheimer raised their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, Robert W. Baird raised their price target on shares of Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.08.

Insider Activity at Guidewire Software

In related news, 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 transaction, the president directly owned 146,489 shares in the company, valued at $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $256.50, for a total transaction of $359,100.00. Following the completion of the sale, the chief executive officer directly owned 245,993 shares of the company's stock, valued at $63,097,204.50. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,541 shares of company stock worth $6,037,939 over the last ninety days. Company insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $0.41 during trading on Tuesday, hitting $217.43. 644,945 shares of the company's stock traded hands, compared to its average volume of 559,156. 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 firm's fifty day moving average price is $222.11 and its 200 day moving average price is $211.59. Guidewire Software, Inc. has a twelve month low of $142.94 and a twelve month high of $263.20. The company has a market cap of $18.31 billion, a PE ratio of 210.70, a PEG ratio of 15.30 and a beta of 1.22.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly 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 net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same period in the previous year, the business earned $0.26 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.