Harbor Capital Advisors Inc. Acquires 136,854 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Harbor Capital Advisors Inc. lifted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 67.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 340,397 shares of the company's stock after purchasing an additional 136,854 shares during the period. Harbor Capital Advisors Inc. owned 0.05% of CCC Intelligent Solutions worth $3,761,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CCCS. Vanguard Group Inc. raised its holdings 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 worth $335,299,000 after acquiring an additional 4,225,920 shares during the period. Principal Financial Group Inc. lifted its position in shares of CCC Intelligent Solutions by 37.8% during the 2nd quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company's stock worth $280,530,000 after purchasing an additional 6,921,161 shares during the last quarter. Dragoneer Investment Group LLC boosted its stake in CCC Intelligent Solutions by 31.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company's stock valued at $176,704,000 after purchasing an additional 3,809,200 shares during the period. Janus Henderson Group PLC grew its holdings in CCC Intelligent Solutions by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company's stock valued at $149,133,000 after buying an additional 857,110 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in CCC Intelligent Solutions in the 2nd quarter worth approximately $132,917,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCCS has been the topic of several research analyst reports. Bank of America started 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 objective on the stock. Barclays cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Jefferies Financial Group lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.56.

CCC Intelligent Solutions Price Performance

CCCS stock traded up $0.19 during trading on Monday, hitting $10.66. The company had a trading volume of 2,258,806 shares, compared to its average volume of 3,429,148. The company has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $10.99. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68. The company has a market cap of $6.67 billion, a P/E ratio of 533.00, a P/E/G ratio of 5.97 and a beta of 0.63. The company has a current ratio of 3.19, a quick ratio of 2.79 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced 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. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the business earned $0.03 EPS. CCC Intelligent Solutions's revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider John Page Goodson sold 45,560 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the transaction, the insider now directly owns 87,892 shares in the company, valued at approximately $885,951.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 38,816 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $10.25, for a total value of $397,864.00. Following the transaction, the insider now directly owns 97,268 shares of the company's stock, valued at approximately $996,997. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Page Goodson sold 45,560 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $10.08, for a total transaction of $459,244.80. Following the sale, the insider now owns 87,892 shares of the company's stock, valued at $885,951.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,398 shares of company stock valued at $1,169,095. Insiders own 6.67% of the company's stock.

CCC Intelligent Solutions 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.