Thrivent Financial For Lutherans Has $34.89 Million Stake in Guidewire Software, Inc. (GWRE)
Thrivent Financial For Lutherans trimmed its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,757 shares of the technology company’s stock after selling 44,580 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.68% of Guidewire Software worth $34,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of GWRE. Israel Discount Bank of New York bought a new position in shares of Guidewire Software during the first quarter worth about $104,000. Tower Research Capital LLC TRC raised its position in shares of Guidewire Software by 424.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Guidewire Software by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after acquiring an additional 283 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Guidewire Software during the second quarter worth about $214,000. Finally, SG Americas Securities LLC raised its position in shares of Guidewire Software by 28.6% during the first quarter. SG Americas Securities LLC now owns 3,814 shares of the technology company’s stock worth $215,000 after acquiring an additional 848 shares during the last quarter.
Shares of Guidewire Software, Inc. (GWRE) traded up 0.76% during midday trading on Monday, reaching $78.23. The company’s stock had a trading volume of 29,559 shares. Guidewire Software, Inc. has a 52-week low of $49.18 and a 52-week high of $81.46. The stock has a 50-day moving average price of $73.33 and a 200-day moving average price of $65.76. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 279.39 and a beta of 1.24.
Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.20. The firm had revenue of $181.10 million during the quarter, compared to analyst estimates of $168.61 million. Guidewire Software had a return on equity of 3.67% and a net margin of 4.13%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. Equities research analysts anticipate that Guidewire Software, Inc. will post $1.03 earnings per share for the current fiscal year.
In related news, insider Scott Roza sold 4,940 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $66.78, for a total value of $329,893.20. Following the sale, the insider now owns 4,367 shares in the company, valued at approximately $291,628.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Hart sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $68.37, for a total value of $25,638.75. Following the completion of the sale, the chief financial officer now owns 3,880 shares in the company, valued at approximately $265,275.60. The disclosure for this sale can be found here. Insiders sold a total of 92,806 shares of company stock worth $6,646,676 in the last 90 days. 0.96% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on GWRE shares. UBS AG lifted their target price on Guidewire Software from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Guidewire Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. TheStreet upgraded Guidewire Software from a “c+” rating to a “b” rating in a report on Wednesday, September 6th. J P Morgan Chase & Co started coverage on Guidewire Software in a report on Tuesday, June 13th. They issued an “overweight” rating for the company. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Guidewire Software has a consensus rating of “Buy” and an average target price of $78.89.
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Guidewire Software Company Profile
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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