Teza Capital Management LLC Sells 5,356 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Teza Capital Management LLC lowered its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 38.9% during the fourth quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GWRE. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after buying an additional 418,642 shares during the last quarter. Janus Henderson Group PLC grew its stake in Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock valued at $93,683,000 after buying an additional 393,445 shares during the last quarter. Rathbones Group PLC acquired a new position in Guidewire Software in the 4th quarter valued at $58,118,000. Finally, Balyasny Asset Management L.P. grew its stake in Guidewire Software by 877.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after buying an additional 329,863 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00. Following the completion of the transaction, the chief executive officer now directly owns 273,330 shares of the company’s stock, valued at $58,060,758.60. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the transaction, the president now directly owns 172,446 shares of the company’s stock, valued at $35,028,955.98. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock worth $6,207,005 over the last three months. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GWRE shares. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Robert W. Baird raised their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $216.55 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm’s 50-day simple moving average is $195.22 and its 200-day simple moving average is $192.64. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The firm has a market cap of $18.16 billion, a P/E ratio of 601.53, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

About Guidewire Software

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.