Stockbridge Partners LLC Makes New $93.50 Million Investment in Guidewire Software, Inc. $GWRE

Stockbridge Partners LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 759,827 shares of the technology company’s stock, valued at approximately $93,497,000. Guidewire Software accounts for about 2.0% of Stockbridge Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Stockbridge Partners LLC owned 0.91% of Guidewire Software at the end of the most recent quarter.

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

Insider Activity

In related news, insider James Winston King sold 1,684 shares of Guidewire Software stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $130.64, for a total transaction of $219,997.76. Following the completion of the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $185.00, for a total value of $2,664,000.00. Following the completion of the sale, the president owned 116,715 shares in the company, valued at $21,592,275. This represents a 10.98% 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. In the last ninety days, insiders have sold 44,593 shares of company stock valued at $6,631,278. 0.46% of the stock is owned by company insiders.

Guidewire Software Price Performance

NYSE:GWRE opened at $191.82 on Tuesday. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $146.04 and a 200 day simple moving average of $142.33. The stock has a market capitalization of $15.97 billion, a PE ratio of 103.69 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company’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 earnings per share. On average, research analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of research analyst reports. Citizens Jmp dropped their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Oppenheimer increased their target price on Guidewire Software from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Piper Sandler started coverage on Guidewire Software in a report on Monday, August 10th. They issued an “overweight” rating and a $210.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $221.64.

About Guidewire Software

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.