Janus Henderson Group PLC Reduces Position in Guidewire Software, Inc. $GWRE

Janus Henderson Group PLC cut its stake in Guidewire Software, Inc. (NYSE:GWRE) by 26.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 363,562 shares of the technology company’s stock after selling 127,824 shares during the period. Janus Henderson Group PLC’s holdings in Guidewire Software were worth $54,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of GWRE. California State Teachers Retirement System raised its position in shares of Guidewire Software by 22.5% during the 1st quarter. California State Teachers Retirement System now owns 98,191 shares of the technology company’s stock valued at $14,685,000 after buying an additional 18,042 shares during the period. Regal Partners Ltd acquired a new stake in shares of Guidewire Software during the first quarter worth about $3,432,000. Empowered Funds LLC lifted its holdings in Guidewire Software by 239.1% during the 1st quarter. Empowered Funds LLC now owns 7,538 shares of the technology company’s stock worth $1,127,000 after buying an additional 5,315 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Guidewire Software by 558.0% in the first quarter. Quantinno Capital Management LP now owns 469,374 shares of the technology company’s stock valued at $70,200,000 after acquiring an additional 398,043 shares in the last quarter. Finally, Castleark Management LLC raised its position in Guidewire Software by 1.6% in the 1st quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock valued at $775,000 after purchasing an additional 80 shares in 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 on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $692,254.20. Following the transaction, the chief executive officer directly owned 199,776 shares in the company, valued at approximately $23,721,402.24. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, insider James Winston King sold 1,684 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the transaction, the insider owned 30,018 shares in the company, valued at $3,921,551.52. This trade represents a 5.31% 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 90 days, insiders sold 30,193 shares of company stock valued at $3,797,922. Company insiders own 0.46% of the company’s stock.

Guidewire Software Stock Down 0.7%

Guidewire Software stock opened at $152.06 on Friday. The company has a market capitalization of $12.66 billion, a P/E ratio of 82.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The stock has a 50-day simple moving average of $134.64 and a 200-day simple moving average of $140.66.

Guidewire Software (NYSE:GWRE) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

GWRE has been the topic of several analyst reports. Guggenheim started coverage on shares of Guidewire Software in a report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 target price on the stock. Stifel Nicolaus reduced their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Royal Bank Of Canada lowered their target price on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. JPMorgan Chase & Co. lowered 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. Finally, BTIG Research reissued a “buy” rating and set a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $221.00.

Guidewire Software 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.