Townsquare Capital LLC Acquires 12,540 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Key Points

• Townsquare Capital LLC has significantly increased its stake in Guidewire Software, acquiring an additional 12,540 shares to lift its total holdings by 181.8%.
• Research analysts have a positive outlook on Guidewire Software, with multiple firms raising their price targets and issuing ratings ranging from "buy" to "overweight."
• The company's recent quarterly earnings report showcased a strong performance, with earnings per share of $0.88, surpassing expectations and representing a 22.0% increase in revenue year-over-year.

Townsquare Capital LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 181.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,438 shares of the technology company's stock after buying an additional 12,540 shares during the period. Townsquare Capital LLC's holdings in Guidewire Software were worth $3,642,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares in the last quarter. Ossiam acquired a new position in shares of Guidewire Software during the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB increased its holdings 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 worth $32,000 after buying an additional 70 shares in the last quarter. Dunhill Financial LLC acquired a new position in shares of Guidewire Software during the first quarter worth $33,000. Finally, Colonial Trust Co SC increased its holdings in shares of Guidewire Software by 176.0% during the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after buying an additional 183 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GWRE shares. Wells Fargo & Company upped their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Robert W. Baird upped their price target on shares of Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Citigroup increased their price objective on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. The Goldman Sachs Group increased their price objective on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial increased their price objective on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $213.46 on Monday. 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 moving average price of $232.54 and a two-hundred day moving average price of $211.52. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20. The company has a market cap of $17.97 billion, a P/E ratio of 533.64, a PEG ratio of 15.04 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period last year, the business posted $0.26 EPS. The business's revenue was up 22.0% compared to the same quarter last year. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 2,482 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the transaction, the insider owned 37,441 shares of the company's stock, valued at $8,261,356.65. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00. Following the transaction, the chief executive officer directly owned 245,993 shares in the company, valued at $63,097,204.50. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,342 shares of company stock valued at $5,572,791 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

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.

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