Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 44.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,397 shares of the technology company’s stock after selling 292,117 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.44% of Guidewire Software worth $61,767,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GWRE. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. increased its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the 3rd quarter valued at $33,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the 4th quarter valued at $34,000. Finally, Brooklyn Investment Group acquired a new position in Guidewire Software in the 3rd quarter valued at $42,000.

Insider Activity at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 300 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the transaction, the chief financial officer now owns 73,494 shares of the company’s stock, valued at $12,845,281.32. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the transaction, the chief executive officer now directly owns 269,130 shares of the company’s stock, valued at approximately $45,762,865.20. This represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,174 shares of company stock valued at $6,746,147. 0.48% of the stock is owned by insiders.

Guidewire Software Price Performance

Guidewire Software stock opened at $196.55 on Thursday. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $196.62 and its 200 day simple moving average is $186.78. The firm has a market capitalization of $16.49 billion, a PE ratio of 545.96, a P/E/G ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GWRE. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.