Guidewire Software, Inc. $GWRE Stock Holdings Reduced by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 50.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,441 shares of the technology company’s stock after selling 7,516 shares during the period. TD Waterhouse Canada Inc.’s holdings in Guidewire Software were worth $1,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Guidewire Software by 547.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares during the period. Stephens Investment Management Group LLC boosted its stake in Guidewire Software by 3.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after purchasing an additional 15,260 shares during the period. Weiss Asset Management LP bought a new position in Guidewire Software in the 1st quarter worth approximately $6,087,000. PNC Financial Services Group Inc. boosted its stake in Guidewire Software by 168.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,719 shares of the technology company’s stock worth $2,800,000 after purchasing an additional 11,749 shares during the period. Finally, Bamco Inc. NY purchased a new stake in Guidewire Software during the 2nd quarter valued at approximately $1,106,768,000.

Guidewire Software Stock Down 0.9%

Shares of NYSE GWRE opened at $181.90 on Thursday. The firm’s 50-day moving average price is $167.26 and its 200-day moving average price is $148.28. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 111.59 and a beta of 1.02. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $255.89.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Monday, August 31st. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Citigroup raised their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Robert W. Baird lifted their price target on shares of Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.23.

Insider Transactions at Guidewire Software

In other news, CAO David Peterson sold 2,500 shares of Guidewire Software stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $200.00, for a total value of $500,000.00. Following the completion of the transaction, the chief accounting officer owned 9,787 shares in the company, valued at approximately $1,957,400. The trade was a 20.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James King sold 11,814 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $144.47, for a total value of $1,706,768.58. Following the transaction, the insider directly owned 45,939 shares in the company, valued at approximately $6,636,807.33. This represents a 20.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 207,335 shares of company stock worth $31,380,323. 0.46% of the stock is currently owned by corporate insiders.

About Guidewire Software

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.