Teca Partners LP Reduces Position in Guidewire Software, Inc. $GWRE

Key Points

• Teca Partners LP has reduced its stake in Guidewire Software by 28.7%, currently holding 117,156 shares valued at approximately $21,950,000.
• Several institutional investors, including SBI Securities and MassMutual Private Wealth & Trust, have made significant increases in their positions in Guidewire during the same quarter.
• Guidewire Software reported $0.88 earnings per share for the last quarter, surpassing estimates by $0.41 and experiencing a 22.0% year-over-year revenue increase.

Teca Partners LP cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 28.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,156 shares of the technology company's stock after selling 47,140 shares during the period. Guidewire Software comprises about 15.7% of Teca Partners LP's investment portfolio, making the stock its biggest holding. Teca Partners LP owned approximately 0.14% of Guidewire Software worth $21,950,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. ANB Bank grew its stake in shares of Guidewire Software by 3.5% during the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after acquiring an additional 54 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after acquiring an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Guidewire Software by 16.4% during the first quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after acquiring an additional 80 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of Guidewire Software by 2.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock valued at $689,000 after acquiring an additional 80 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. DA Davidson restated a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a research note on Wednesday, June 4th. Wells Fargo & Company raised their target price on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Bank of America increased their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.08.

Guidewire Software Stock Performance

NYSE GWRE traded down $1.34 during trading hours on Friday, reaching $217.37. The company's stock had a trading volume of 558,312 shares, compared to its average volume of 586,175. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $222.53 and a 200 day simple moving average of $211.61. Guidewire Software, Inc. has a 52 week low of $142.94 and a 52 week high of $263.20. The stock has a market cap of $18.30 billion, a PE ratio of 543.42, a PEG ratio of 15.42 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $286.40 million. During the same quarter last year, the company posted $0.26 earnings per share. Guidewire Software's revenue was up 22.0% on a year-over-year basis. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, insider James Winston King sold 799 shares of Guidewire Software stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $211.61, for a total transaction of $169,076.39. Following the sale, the insider owned 36,642 shares of the company's stock, valued at approximately $7,753,813.62. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction that occurred on 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 approximately $32,038,223.92. This trade represents a 2.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,541 shares of company stock valued at $6,037,939. Insiders own 0.48% of the company's stock.

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.