Hantz Financial Services Inc. Has $8.42 Million Stake in Guidewire Software, Inc. $GWRE

Hantz Financial Services Inc. reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 14.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,638 shares of the technology company’s stock after selling 6,083 shares during the period. Hantz Financial Services Inc.’s holdings in Guidewire Software were worth $8,422,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the 1st quarter valued at approximately $25,000. Truist Financial Corp grew its holdings in Guidewire Software by 16.0% during the second quarter. Truist Financial Corp now owns 11,792 shares of the technology company’s stock valued at $2,776,000 after purchasing an additional 1,628 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of Guidewire Software in the second quarter valued at approximately $235,000. DMC Group LLC lifted its stake in shares of Guidewire Software by 9.2% in the second quarter. DMC Group LLC now owns 1,321 shares of the technology company’s stock worth $311,000 after buying an additional 111 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Guidewire Software in the second quarter worth $84,000.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,975 shares of Guidewire Software stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,531,838.00. Following the sale, the president owned 141,983 shares in the company, valued at $27,272,094.64. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 2,872 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $551,653.76. Following the completion of the sale, the chief financial officer directly owned 74,201 shares in the company, valued at $14,252,528.08. This trade represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,358 shares of company stock valued at $9,409,729 in the last ninety days. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

GWRE has been the topic of a number of research analyst reports. BTIG Research reiterated a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a research note on Tuesday, January 27th. Wall Street Zen downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and increased their target price for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.64.

Guidewire Software Stock Up 1.8%

GWRE stock opened at $132.01 on Thursday. Guidewire Software, Inc. has a twelve month low of $121.88 and a twelve month high of $272.60. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The company has a market cap of $11.22 billion, a PE ratio of 125.73, a price-to-earnings-growth ratio of 8.45 and a beta of 1.06. The business’s 50-day simple moving average is $185.11 and its 200 day simple moving average is $213.65.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software announced that its board has authorized a share repurchase plan on Thursday, January 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

About Guidewire Software

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.