Guidewire Software, Inc. $GWRE Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 17.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 30,353 shares of the technology company’s stock after selling 6,285 shares during the quarter. Hantz Financial Services Inc.’s holdings in Guidewire Software were worth $6,101,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Guidewire Software by 4.6% during the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Guidewire Software by 9.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after purchasing an additional 53 shares during the period. American Trust increased its position in shares of Guidewire Software by 3.9% during the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after purchasing an additional 61 shares during the period. Arkadios Wealth Advisors increased its position in shares of Guidewire Software by 1.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,739 shares of the technology company’s stock valued at $859,000 after purchasing an additional 62 shares during the period. Finally, Vident Advisory LLC increased its position in shares of Guidewire Software by 1.7% during the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock valued at $936,000 after purchasing an additional 70 shares during the period.

Analysts Set New Price Targets

GWRE has been the subject of several research reports. Royal Bank Of Canada reduced their price objective on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Wells Fargo & Company reduced their price objective on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. BTIG Research raised their price objective on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Oppenheimer reduced their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Finally, Stifel Nicolaus reduced their price objective on Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $244.46.

Guidewire Software Stock Performance

GWRE opened at $140.38 on Tuesday. The firm has a market cap of $11.88 billion, a PE ratio of 63.81 and a beta of 0.91. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $141.47 and a 200-day simple moving average of $164.92. Guidewire Software, Inc. has a fifty-two week low of $115.57 and a fifty-two week high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.77 by $0.40. The business had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.Guidewire Software’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,935 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $317,069.10. Following the completion of the sale, the chief financial officer owned 66,061 shares of the company’s stock, valued at $10,824,755.46. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO David Franklin Peterson sold 273 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $44,733.78. Following the completion of the sale, the chief accounting officer directly owned 12,533 shares of the company’s stock, valued at approximately $2,053,657.38. This trade represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,279 shares of company stock valued at $4,857,962 over the last quarter. Company insiders own 0.46% of the company’s stock.

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.