Congress Asset Management Co. Has $81.53 Million Stock Holdings in Guidewire Software, Inc. $GWRE

Congress Asset Management Co. reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 354,699 shares of the technology company's stock after selling 61,684 shares during the quarter. Congress Asset Management Co. owned about 0.42% of Guidewire Software worth $81,531,000 at the end of the most recent quarter.Get Guidewire Software alerts:AI Is Powering Guidewire Software’s Growth—So What Spooked the Market?A number of other hedge funds have also recently added to or reduced their stakes in GWRE. HighTower Advisors LLC lifted its holdings in shares of Guidewire Software by 5.2% in the 1st quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company's stock worth $1,726,000 after purchasing an additional 456 shares in the last quarter. Brooklyn Investment Group raised its holdings in Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares during the last quarter. Northern Trust Corp raised its holdings in Guidewire Software by 38.1% during the first quarter. Northern Trust Corp now owns 744,183 shares of the technology company's stock worth $139,430,000 after buying an additional 205,127 shares during the last quarter. Credit Agricole S A lifted its stake in shares of Guidewire Software by 134.6% in the first quarter. Credit Agricole S A now owns 14,288 shares of the technology company's stock valued at $2,677,000 after buying an additional 8,197 shares in the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of Guidewire Software by 21.8% during the first quarter. Compound Planning Inc. now owns 3,274 shares of the technology company's stock valued at $613,000 after buying an additional 586 shares during the last quarter. Insider Buying and Selling at Guidewire SoftwareIn other news, CEO Michael George Rosenbaum sold 6,015 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the completion of the sale, the chief executive officer owned 240,743 shares in the company, valued at $46,241,915.44. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 1,860 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the sale, the insider directly owned 33,702 shares in the company, valued at $6,571,890. This trade represents a 5.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,140 shares of company stock valued at $11,972,936 in the last three months. 0.46% of the stock is owned by corporate insiders. Guidewire Software Stock PerformanceRubrik’s Massive Rebound: Why the Next Leg Higher Could Be FastShares of GWRE opened at $199.96 on Friday. The stock has a 50 day moving average of $221.60 and a 200 day moving average of $228.13. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 190.44, a PEG ratio of 13.09 and a beta of 1.08. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The business had revenue of $332.64 million for the quarter, compared to analysts' expectations of $316.62 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 26.5% on a year-over-year basis. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year. Guidewire Software News SummarySnowflake Stock: The Dip That Smart Investors Are Buying Right NowHere are the key news stories impacting Guidewire Software this week: Positive Sentiment: DA Davidson upgraded Guidewire, which typically supports buying interest and headline-driven flows into the name. Read More. Positive Sentiment: BTIG Research issued a bullish rating (reported as a "Buy"/"Strong‑Buy" in coverage), adding to the recent cluster of upward analyst moves that can push momentum. Read More. Neutral Sentiment: Shareholders approved the company’s slate of directors, executive compensation and auditor at the annual meeting — removes a governance overhang but is unlikely to move fundamentals. Read More. Neutral Sentiment: Recent quarterly results showed revenue beat and EPS in line, supporting the bull case for recurring cloud revenue, but the market reaction is being driven more by analyst commentary than new fundamental surprises. Read More. Negative Sentiment: Clustered insider selling this week: CEO, President, CFO and CAO executed sales across Dec. 16–18 (notable transactions include the CEO and President selling multi‑thousand share blocks). Large insider sales can signal liquidity-taking and add short-term downward pressure. Read More. Negative Sentiment: CFO Jeffrey Elliott Cooper sold 1,232 shares on Dec. 18 (and previously sold additional lots), underscoring management-level selling amid the recent run‑up. Investors often view repeated exec sales as a mild red flag. Read More. Analysts Set New Price TargetsA number of research firms recently weighed in on GWRE. DA Davidson upgraded shares of Guidewire Software from a "neutral" rating to a "buy" rating and upped their target price for the stock from $246.00 to $250.00 in a report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of Guidewire Software in a report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group increased their price target on Guidewire Software from $270.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Citigroup raised their price objective on Guidewire Software from $242.00 to $245.00 and gave the company a "neutral" rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.29.Read Our Latest Report on GWREGuidewire Software Profile (Free Report)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.Further ReadingFive stocks we like better than Guidewire SoftwareWhy Invest in 5G? How to Invest in 5G Stocks These 3 Banks Are Rallying Into Year-End, But Will It Continue?Ride Out The Recession With These Dividend Kings 3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&P 500Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedThis ETF Caught a Major Tailwind After the Fed’s Rate CutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Guidewire Software Right Now?Before you consider Guidewire Software, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guidewire Software wasn't on the list.While Guidewire Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here