XTX Topco Ltd Buys Shares of 8,541 Guidewire Software, Inc. (NYSE:GWRE)

Key Points

• XTX Topco Ltd acquired 8,541 shares of Guidewire Software, Inc., valued at approximately $1.6 million, in the 1st quarter of this year.
• Guidewire Software reported earnings of $0.88 per share, significantly beating the consensus estimate of $0.47, with quarterly revenues up 22% year-over-year.
• Analysts have shown positive sentiment towards Guidewire, with upgrades and target price increases from several firms, resulting in an average rating of "Moderate Buy" with a consensus price target of $250.92.

XTX Topco Ltd bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,541 shares of the technology company's stock, valued at approximately $1,600,000.

Several other institutional investors have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA increased its stake in Guidewire Software by 16.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company's stock worth $966,252,000 after acquiring an additional 720,322 shares during the last quarter. Stockbridge Partners LLC increased its stake in Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after acquiring an additional 205,382 shares during the last quarter. Geode Capital Management LLC increased its stake in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after acquiring an additional 12,697 shares during the last quarter. AQR Capital Management LLC increased its stake in Guidewire Software by 31.9% during the fourth quarter. AQR Capital Management LLC now owns 938,941 shares of the technology company's stock worth $157,113,000 after acquiring an additional 227,238 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Guidewire Software by 12.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 863,090 shares of the technology company's stock worth $145,500,000 after acquiring an additional 98,690 shares during the last quarter.

Guidewire Software Stock Performance

NYSE:GWRE traded down $3.34 during trading hours on Friday, reaching $222.88. 530,494 shares of the stock were exchanged, compared to its average volume of 600,028. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $231.49 and a 200-day simple moving average of $210.07. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The stock has a market capitalization of $18.76 billion, a P/E ratio of 557.20, a P/E/G ratio of 19.76 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GWRE. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. DA Davidson reiterated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a research note on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Oppenheimer increased their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their target price on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $250.92.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the completion of the transaction, the president owned 146,489 shares in the company, valued at $34,432,239.45. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Winston King sold 2,482 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total value 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 disclosure for this sale can be found here. Insiders sold 21,342 shares of company stock worth $4,879,599 in the last 90 days. 0.48% of the stock is currently owned by company insiders.

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.