Mutual of America Capital Management LLC Has $283,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Mutual of America Capital Management LLC trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,598 shares of the technology company’s stock after selling 283 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Guidewire Software were worth $283,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Guidewire Software by 141.4% in the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after purchasing an additional 1,079,268 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Guidewire Software by 2,902.6% in the third quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company’s stock worth $42,824,000 after purchasing an additional 459,973 shares during the period. Van ECK Associates Corp increased its stake in shares of Guidewire Software by 16.2% in the third quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after purchasing an additional 294,631 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Guidewire Software by 628.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock worth $28,184,000 after purchasing an additional 270,169 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Guidewire Software in the fourth quarter worth about $17,240,000.

Guidewire Software Stock Up 3.6 %

NYSE GWRE opened at $113.77 on Wednesday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $115.16 and its two-hundred day moving average is $106.41. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of -183.50 and a beta of 1.15. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. Equities analysts forecast that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. Insiders have sold 9,435 shares of company stock valued at $1,053,821 in the last three months. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GWRE shares. Raymond James started coverage on Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price objective on the stock. Oppenheimer lifted their price objective on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price objective on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Guidewire Software Company 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.