Trust Point Inc. Sells 1,474 Shares of Guidewire Software, Inc. $GWRE

Key Points

• Trust Point Inc. reduced its stake in Guidewire Software by 36.9%, selling 1,474 shares in the second quarter and holding 2,517 shares worth $593,000 at the end of the period.
• Guidewire Software reported earnings of $0.84 per share for the latest quarter, exceeding analysts' expectations, and had a year-over-year revenue increase of 22.3%.
• Despite a recent downgrade from a "buy" to a "hold" rating by Wall Street Zen, several analysts have raised their target prices for Guidewire Software, with Royal Bank of Canada setting a new target at $300.

Trust Point Inc. decreased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 36.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,517 shares of the technology company's stock after selling 1,474 shares during the period. Trust Point Inc.'s holdings in Guidewire Software were worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the 1st quarter worth approximately $25,000. Quarry LP acquired a new position in Guidewire Software in the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in Guidewire Software in the 1st quarter worth approximately $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on GWRE. Citigroup raised their price objective on shares of Guidewire Software from $247.00 to $267.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Wall Street Zen downgraded shares of Guidewire Software from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. DA Davidson increased their target price on shares of Guidewire Software from $246.00 to $250.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Finally, Oppenheimer increased their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $274.08.

Insider Transactions at Guidewire Software

In related news, CAO David Franklin Peterson sold 1,811 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total transaction of $439,837.57. Following the completion of the transaction, the chief accounting officer owned 14,164 shares in the company, valued at approximately $3,440,010.68. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Winston King sold 7,149 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total transaction of $1,736,277.63. Following the transaction, the insider owned 45,777 shares of the company's stock, valued at $11,117,859.99. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,330 shares of company stock valued at $23,607,754. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $0.13 during trading on Monday, hitting $244.90. 268,943 shares of the company's stock traded hands, compared to its average volume of 952,425. 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 firm's fifty day moving average price is $225.96 and its 200 day moving average price is $215.77. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The company has a market cap of $20.70 billion, a PE ratio of 306.40 and a beta of 1.22.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.22. Guidewire Software had a net margin of 5.81% and a return on equity of 9.00%. The firm had revenue of $356.57 million for the quarter, compared to analyst estimates of $337.82 million. During the same period in the previous year, the business earned $0.62 earnings per share. The company's revenue for the quarter 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. 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.