Mutual of America Capital Management LLC Has $8.45 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Mutual of America Capital Management LLC raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1,852.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,119 shares of the technology company's stock after buying an additional 42,808 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Guidewire Software worth $8,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of GWRE. Portside Wealth Group LLC grew its stake in shares of Guidewire Software by 148.1% during the first quarter. Portside Wealth Group LLC now owns 2,724 shares of the technology company's stock valued at $510,000 after purchasing an additional 1,626 shares during the last quarter. Praxis Investment Management Inc. bought a new position in Guidewire Software in the first quarter valued at approximately $347,000. Principal Financial Group Inc. boosted its stake in Guidewire Software by 3,320.4% in the first quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company's stock valued at $36,131,000 after acquiring an additional 187,205 shares during the last quarter. OMNI 360 Wealth Inc. bought a new position in Guidewire Software in the first quarter valued at approximately $211,000. Finally, International Assets Investment Management LLC bought a new position in Guidewire Software in the first quarter valued at approximately $217,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on GWRE shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research note on Monday, June 23rd. Raymond James Financial increased their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $250.92.

Guidewire Software Stock Performance

Shares of GWRE traded down $3.97 during midday trading on Friday, reaching $213.46. The stock had a trading volume of 485,878 shares, compared to its average volume of 983,961. The firm has a 50 day simple moving average of $232.57 and a 200-day simple moving average of $211.07. Guidewire Software, Inc. has a one year low of $142.94 and a one year high of $263.20. The firm has a market cap of $17.97 billion, a PE ratio of 533.64, a P/E/G ratio of 15.90 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the sale, the president owned 143,489 shares of the company's stock, valued at approximately $32,038,223.92. The trade was a 2.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael C. Keller sold 1,000 shares of Guidewire Software stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the sale, the director owned 10,410 shares of the company's stock, valued at $2,472,687.30. This trade represents a 8.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,342 shares of company stock worth $5,572,791. 0.48% of the stock is currently owned by corporate insiders.

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.