Stockbridge Partners LLC Invests $93.50 Million in Guidewire Software, Inc. $GWRE

Stockbridge Partners LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, Holdings Channel reports. The fund bought 759,827 shares of the technology company’s stock, valued at approximately $93,497,000. Guidewire Software makes up 2.0% of Stockbridge Partners LLC’s portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Financial Advisors bought a new position in Guidewire Software in the 2nd quarter valued at about $29,000. Sanctuary Advisors LLC acquired a new stake in Guidewire Software during the second quarter worth approximately $219,000. Barbara Oil Co. bought a new stake in shares of Guidewire Software during the second quarter worth approximately $1,368,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Guidewire Software during the second quarter worth approximately $241,000. Finally, Bank of Nova Scotia acquired a new position in shares of Guidewire Software in the second quarter valued at approximately $5,548,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GWRE. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. BTIG Research reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Guidewire Software in a report on Thursday, July 2nd. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. JPMorgan Chase & Co. lowered their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada dropped their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $221.64.

Guidewire Software Trading Up 1.4%

Shares of Guidewire Software stock opened at $191.82 on Tuesday. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 103.69 and a beta of 0.92. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. The firm’s 50-day moving average price is $146.04 and its two-hundred day moving average price is $142.33.

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 analysts’ expectations of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. On average, analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James Winston King sold 1,684 shares of Guidewire Software stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the transaction, the insider directly owned 30,018 shares of the company’s stock, valued at $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the transaction, the chief financial officer owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This represents a 3.93% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 44,593 shares of company stock valued at $6,631,278. 0.46% of the stock is owned by insiders.

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.