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

Thrivent Financial for Lutherans reduced its position in Guidewire Software, Inc. (NYSE:GWRE) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 963,933 shares of the technology company’s stock after selling 15,908 shares during the period. Thrivent Financial for Lutherans owned approximately 1.17% of Guidewire Software worth $132,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Guidewire Software in the fourth quarter valued at about $27,000. ORG Partners LLC acquired a new stake in shares of Guidewire Software during the 1st quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in Guidewire Software in the second quarter worth $31,000. Lynx Investment Advisory bought a new stake in Guidewire Software during the second quarter valued at $41,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Guidewire Software during the second quarter worth $41,000.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent research reports. BTIG Research raised their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company increased their target price on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup boosted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. DA Davidson reiterated a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. Finally, Bank of America upped their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $161.69.

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now directly owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the transaction, the insider now owns 139,171 shares in the company, valued at approximately $19,361,469.52. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $8,984,892 over the last quarter. Company insiders own 0.38% of the company’s stock.

Guidewire Software Stock Down 0.1 %

Shares of NYSE GWRE opened at $174.54 on Friday. The business has a fifty day simple moving average of $151.15 and a 200-day simple moving average of $131.67. The company has a market cap of $14.43 billion, a price-to-earnings ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $85.15 and a 12 month high of $176.00.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

About Guidewire Software

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.