CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 22.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,321 shares of the company’s stock after purchasing an additional 56,147 shares during the quarter. Natixis Advisors LLC’s holdings in CCC Intelligent Solutions were worth $3,374,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CCCS. Ghisallo Capital Management LLC acquired a new position in CCC Intelligent Solutions during the 2nd quarter valued at approximately $132,917,000. Principal Financial Group Inc. boosted its holdings in shares of CCC Intelligent Solutions by 37.8% during the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock valued at $280,530,000 after acquiring an additional 6,921,161 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of CCC Intelligent Solutions during the second quarter worth about $70,844,000. Van Berkom & Associates Inc. acquired a new stake in shares of CCC Intelligent Solutions in the 2nd quarter worth about $61,605,000. Finally, Vanguard Group Inc. lifted its position in CCC Intelligent Solutions by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock valued at $335,299,000 after purchasing an additional 4,225,920 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider Mary Jo Prigge sold 97,511 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total transaction of $1,171,107.11. Following the transaction, the insider now directly owns 97,268 shares in the company, valued at $1,168,188.68. The trade was a 50.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 268,153 shares of company stock valued at $3,195,485 in the last 90 days. 6.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CCCS. Bank of America began coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Jefferies Financial Group lowered their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

CCC Intelligent Solutions Trading Up 1.1 %

CCC Intelligent Solutions stock opened at $12.47 on Friday. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $11.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.68. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 623.81, a P/E/G ratio of 7.08 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. Research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.