Bamco Inc. NY Has $1.03 Billion Stake in Guidewire Software, Inc. $GWRE

Bamco Inc. NY cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,147,550 shares of the technology company’s stock after selling 21,301 shares during the period. Guidewire Software comprises approximately 2.8% of Bamco Inc. NY’s investment portfolio, making the stock its 7th biggest position. Bamco Inc. NY owned 0.06% of Guidewire Software worth $1,034,709,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software in the 3rd quarter valued at $29,000. Flagship Harbor Advisors LLC bought a new position in shares of Guidewire Software in the 4th quarter valued at $36,000. Harbour Investments Inc. lifted its stake in shares of Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after acquiring an additional 112 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in shares of Guidewire Software by 82.4% in the 3rd quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock valued at $62,000 after acquiring an additional 122 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20. Following the completion of the transaction, the chief executive officer owned 199,776 shares in the company, valued at approximately $23,721,402.24. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, President John P. Mullen sold 4,292 shares of Guidewire Software stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $509,632.08. Following the transaction, the president owned 131,115 shares of the company’s stock, valued at $15,568,595.10. This trade represents a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 28,361 shares of company stock worth $3,657,757. Insiders own 0.46% of the company’s stock.

Guidewire Software News Roundup

Here are the key news stories impacting Guidewire Software this week:

• Neutral Sentiment: The company reported strong fiscal Q4 results on June 4, beating EPS and revenue estimates and posting 26.9% year-over-year revenue growth, which remains a fundamental positive for GWRE.
• Positive Sentiment: Some commentary points to Guidewire’s buyback program as a possible support for the stock if the recent sell-off continues, and analysts still broadly rate the shares a Moderate Buy.
• Negative Sentiment: Multiple insiders sold shares on June 15–16, including CEO Michael Rosenbaum, CFO Jeffrey Cooper, President John Mullen, and CAO David Franklin Peterson, which can be interpreted as a bearish near-term signal for investor sentiment.
• Negative Sentiment: Several Wall Street firms lowered price targets after earnings, including Stifel, RBC, Goldman Sachs, and DA Davidson, suggesting expectations have cooled even though ratings remain constructive.

Guidewire Software Stock Performance

Shares of GWRE opened at $111.32 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The stock has a 50-day moving average of $135.48 and a 200-day moving average of $155.26. The company has a market cap of $9.27 billion, a PE ratio of 60.17 and a beta of 0.93. Guidewire Software, Inc. has a one year low of $111.08 and a one year high of $272.60.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on GWRE. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Wells Fargo & Company decreased their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, June 5th. BTIG Research restated a “buy” rating and issued a $200.00 price objective on shares of Guidewire Software in a report on Tuesday, June 2nd. Stifel Nicolaus decreased their price objective on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. Finally, Oppenheimer decreased their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

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.