Guidewire Software, Inc. $GWRE Shares Acquired by Oakcliff Capital Partners LP

Oakcliff Capital Partners LP raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 10.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,683 shares of the technology company’s stock after acquiring an additional 14,500 shares during the period. Guidewire Software accounts for about 7.3% of Oakcliff Capital Partners LP’s investment portfolio, making the stock its 5th biggest holding. Oakcliff Capital Partners LP owned about 0.19% of Guidewire Software worth $19,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after buying an additional 997,992 shares in the last quarter. Stephens Investment Management Group LLC grew its position in Guidewire Software by 3.0% in the first quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after buying an additional 15,260 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Guidewire Software during the 1st quarter worth $6,087,000. Finally, Entropy Technologies LP acquired a new position in shares of Guidewire Software in the fourth quarter worth about $5,837,000.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Piper Sandler assumed coverage on shares of Guidewire Software in a report on Monday, August 10th. They set an “overweight” rating and a $210.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. JPMorgan Chase & Co. dropped their price objective on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Finally, Guggenheim increased their target price on shares of Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Insiders Place Their Bets

In other news, insider James Winston King sold 1,684 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the sale, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the transaction, the president owned 116,715 shares in the company, valued at $21,592,275. The trade was a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,893 shares of company stock worth $6,940,574 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Guidewire Software Stock Performance

NYSE GWRE opened at $204.62 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $154.93 and its 200 day simple moving average is $144.76. The stock has a market cap of $17.04 billion, a P/E ratio of 110.61 and a beta of 0.92. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. As a group, research analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.