State of Wyoming Sells 1,947 Shares of Guidewire Software, Inc. $GWRE

Key Points

• The State of Wyoming reduced its shares in Guidewire Software, Inc. by 34.6% in Q1, owning 3,684 shares worth approximately $690,000 after selling 1,947 shares.
• Research analysts have significantly increased their price targets for Guidewire Software, with estimates ranging from $160.00 to $275.00, reflecting a strong outlook from multiple firms.
• Insider trading activity has seen key executives sell shares, with James Winston King and President John P. Mullen both reducing their stakes, raising potential concerns about insider confidence.

State of Wyoming decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 34.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,684 shares of the technology company's stock after selling 1,947 shares during the quarter. State of Wyoming's holdings in Guidewire Software were worth $690,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its position in Guidewire Software by 403.8% during the 1st 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 period. MassMutual Private Wealth & Trust FSB increased its position in Guidewire Software by 70.0% during the 1st 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 period. Dunhill Financial LLC bought a new position in Guidewire Software during the 1st quarter worth $33,000. Brooklyn Investment Group increased its position in Guidewire Software by 38.3% during the 1st 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 period. Finally, Colonial Trust Co SC increased its position in Guidewire Software by 176.0% during the 4th 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 period.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 799 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $211.61, for a total value of $169,076.39. Following the sale, the insider directly owned 36,642 shares of the company's stock, valued at $7,753,813.62. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $223.28, for a total value of $669,840.00. Following the sale, the president directly owned 143,489 shares in the company, valued at $32,038,223.92. The trade was a 2.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,541 shares of company stock valued at $6,037,939 over the last ninety days. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on GWRE shares. Oppenheimer increased their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Bank of America increased their price objective on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. DA Davidson restated a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. Wells Fargo & Company raised their price target on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus raised their price target on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.08.

Guidewire Software Stock Performance

NYSE:GWRE opened at $217.37 on Friday. The stock's 50-day simple moving average is $222.53 and its 200 day simple moving average is $211.61. The firm has a market capitalization of $18.30 billion, a PE ratio of 543.42, a price-to-earnings-growth 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, Inc. has a twelve month low of $142.94 and a twelve month high of $263.20.

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

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.

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