Linonia Partnership LP Makes New $853.16 Million Investment in Guidewire Software, Inc. $GWRE

Linonia Partnership LP bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,933,483 shares of the technology company’s stock, valued at approximately $853,165,000. Guidewire Software accounts for 15.2% of Linonia Partnership LP’s portfolio, making the stock its 3rd largest holding. Linonia Partnership LP owned approximately 8.33% of Guidewire Software as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GWRE. Measured Wealth Private Client Group LLC bought a new position in Guidewire Software during the third quarter valued at approximately $29,000. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the 1st quarter worth approximately $25,000. Fiduciary Financial Advisors purchased a new stake in Guidewire Software during the 2nd quarter valued at $29,000. Leonteq Securities AG purchased a new stake in Guidewire Software during the 1st quarter valued at $36,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after buying an additional 138 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GWRE. JPMorgan Chase & Co. dropped their price target on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Piper Sandler initiated coverage on Guidewire Software in a research report on Monday, August 10th. They issued an “overweight” rating and a $210.00 target price on the stock. DA Davidson cut 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. Finally, The Goldman Sachs Group reduced their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.64.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction dated 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 owned 30,018 shares in the company, valued at $3,921,551.52. This 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $187.82, for a total value of $225,384.00. Following the completion of the transaction, the chief executive officer directly owned 187,776 shares in the company, valued at $35,268,088.32. This trade represents a 0.64% 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. Over the last quarter, insiders sold 44,593 shares of company stock valued at $6,631,278. Company insiders own 0.46% of the company’s stock.

Guidewire Software Trading Down 1.6%

Shares of Guidewire Software stock opened at $188.77 on Wednesday. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The company’s fifty day simple moving average is $147.47 and its 200-day simple moving average is $142.73. 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 market capitalization of $15.72 billion, a PE ratio of 102.04 and a beta of 0.92.

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