KBC Group NV Acquires 4,637 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

KBC Group NV lifted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 81.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,314 shares of the company’s stock after purchasing an additional 4,637 shares during the quarter. KBC Group NV’s holdings in CCC Intelligent Solutions were worth $114,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CCCS. Oppenheimer Asset Management Inc. boosted its holdings in shares of CCC Intelligent Solutions by 12.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 558,595 shares of the company’s stock valued at $6,172,000 after buying an additional 61,660 shares during the last quarter. Victory Capital Management Inc. raised its position in CCC Intelligent Solutions by 5.2% during the third quarter. Victory Capital Management Inc. now owns 52,720 shares of the company’s stock worth $583,000 after acquiring an additional 2,626 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in CCC Intelligent Solutions by 12.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 183,835 shares of the company’s stock worth $2,031,000 after acquiring an additional 21,017 shares in the last quarter. Atria Investments Inc lifted its stake in CCC Intelligent Solutions by 13.6% in the third quarter. Atria Investments Inc now owns 77,427 shares of the company’s stock valued at $856,000 after acquiring an additional 9,287 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of CCC Intelligent Solutions by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock valued at $292,654,000 after acquiring an additional 1,234,281 shares during the period. Institutional investors own 95.79% of the company’s stock.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the transaction, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Rodney Christo sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total transaction of $885,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,642 shares of company stock worth $1,123,628. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Trading Up 2.7 %

Shares of CCCS stock opened at $12.34 on Friday. The company has a market capitalization of $7.72 billion, a PE ratio of 617.31, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.68. The business’s fifty day moving average is $11.07 and its 200 day moving average is $11.03. 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 (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Finally, Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.78.

About CCC Intelligent Solutions

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.