Thrivent Financial for Lutherans Has $61.77 Million Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Thrivent Financial for Lutherans trimmed its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,397 shares of the technology company's stock after selling 292,117 shares during the period. Thrivent Financial for Lutherans owned about 0.44% of Guidewire Software worth $61,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after purchasing an additional 145 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Guidewire Software in the third quarter valued at $219,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Guidewire Software in the third quarter worth $415,000. KBC Group NV grew its holdings in shares of Guidewire Software by 15.3% during the third quarter. KBC Group NV now owns 2,087 shares of the technology company's stock valued at $382,000 after buying an additional 277 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock valued at $448,000 after buying an additional 87 shares during the period.

Insider Activity at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the sale, the chief financial officer now directly owns 71,538 shares of the company's stock, valued at approximately $13,550,012.58. This represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares in the company, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,780 shares of company stock worth $6,886,553. 0.48% of the stock is owned by insiders.

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Guidewire Software Stock Up 3.1 %

Shares of NYSE:GWRE traded up $6.01 on Monday, reaching $197.55. The company had a trading volume of 752,833 shares, compared to its average volume of 868,194. The stock has a market capitalization of $16.57 billion, a P/E ratio of 548.75, a P/E/G ratio of 37.21 and a beta of 1.31. The stock has a 50-day moving average price of $197.47 and a 200 day moving average price of $187.69. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month 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.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Oppenheimer raised their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Robert W. Baird increased 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, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Guidewire Software 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.