Truist Financial Corp Boosts Stock Position in Guidewire Software, Inc. $GWRE

Key Points

• Truist Financial Corp increased its holdings in Guidewire Software by 16%, acquiring an additional 1,628 shares, bringing its total to 11,792 shares worth almost $2.8 million.
• Guidewire's President and CEO recently sold shares valued at over $1 million combined, which resulted in a slight decrease in their respective stakes.
• Several analysts have upgraded their price targets for Guidewire Software, with the consensus rating being a "Moderate Buy" and an average target price of $274.08.

Truist Financial Corp raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,792 shares of the technology company's stock after purchasing an additional 1,628 shares during the quarter. Truist Financial Corp's holdings in Guidewire Software were worth $2,776,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its stake in shares of Guidewire Software by 403.8% in 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 during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the first quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $31,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $33,000.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $230.73, for a total transaction of $692,190.00. Following the transaction, the president owned 155,958 shares of the company's stock, valued at $35,984,189.34. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $230.08, for a total value of $322,112.00. Following the transaction, the chief executive officer directly owned 260,758 shares in the company, valued at approximately $59,995,200.64. This represents a 0.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,427 shares of company stock worth $27,598,586 in the last quarter. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GWRE shares. DA Davidson increased their price objective on Guidewire Software from $246.00 to $250.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Wall Street Zen lowered Guidewire Software from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Citigroup raised their price target on Guidewire Software from $247.00 to $267.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Stifel Nicolaus lifted their target price on Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a report on Friday, September 5th. Finally, The Goldman Sachs Group lifted their target price on Guidewire Software from $270.00 to $305.00 and gave the company a "buy" rating in a report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $274.08.

Guidewire Software Stock Performance

GWRE opened at $236.46 on Friday. The stock has a market cap of $19.99 billion, a P/E ratio of 295.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The stock's 50 day simple moving average is $228.76 and its 200 day simple moving average is $220.06. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.22. Guidewire Software had a return on equity of 9.00% and a net margin of 5.81%.The business had revenue of $356.57 million for the quarter, compared to analysts' expectations of $337.82 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The company's revenue was up 22.3% compared to the same quarter last year. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities 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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