Mutual of America Capital Management LLC Sells 79 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Mutual of America Capital Management LLC reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,519 shares of the technology company’s stock after selling 79 shares during the period. Mutual of America Capital Management LLC’s holdings in Guidewire Software were worth $461,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares during the period. CIBC Asset Management Inc raised its stake in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after acquiring an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 116 shares during the period. Finally, CHICAGO TRUST Co NA grew its stake in Guidewire Software by 4.8% in the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after purchasing an additional 130 shares in the last quarter.

Guidewire Software Stock Performance

GWRE opened at $201.88 on Thursday. The stock has a market capitalization of $16.86 billion, a PE ratio of -2,541.93, a P/E/G ratio of 52.54 and a beta of 1.18. The company’s 50 day simple moving average is $187.59 and its 200 day simple moving average is $156.66. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $207.10.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. Guidewire Software’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Stifel Nicolaus lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $186.08.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,779,101.44. Following the sale, the chief financial officer now directly owns 83,367 shares in the company, valued at $14,352,462.72. The trade was a 11.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,601 shares of company stock valued at $9,116,179. Company insiders own 0.48% of the company’s stock.

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.