Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 38.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,421 shares of the technology company's stock after selling 5,356 shares during the period. Teza Capital Management LLC's holdings in Guidewire Software were worth $1,420,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GWRE. Smartleaf Asset Management LLC boosted its holdings in shares of Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after purchasing an additional 56 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after purchasing an additional 58 shares during the last quarter. Norden Group LLC boosted its holdings in shares of Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock valued at $208,000 after purchasing an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Guidewire Software by 1.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after purchasing an additional 75 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Guidewire Software by 14.4% during the 4th quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock valued at $114,000 after purchasing an additional 85 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on GWRE shares. Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, DA Davidson cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price on the stock. in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.42.

Insider Buying and Selling

In other news, President John P. Mullen sold 6,116 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now directly owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 1,051 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,371 shares of company stock valued at $6,210,967 in the last ninety days. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Up 0.8%

Guidewire Software stock traded up $1.75 during midday trading on Friday, reaching $209.75. The stock had a trading volume of 988,750 shares, compared to its average volume of 932,080. 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, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 582.63, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The company has a fifty day moving average of $197.97 and a 200 day moving average of $193.44.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 firm had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. On average, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.