CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 4.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,484,511 shares of the company's stock after purchasing an additional 1,234,281 shares during the period. Principal Financial Group Inc. owned approximately 4.25% of CCC Intelligent Solutions worth $292,654,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. grew its position in shares of CCC Intelligent Solutions by 15.3% in the 1st quarter. Sei Investments Co. now owns 1,887,533 shares of the company's stock valued at $22,575,000 after buying an additional 250,314 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in shares of CCC Intelligent Solutions by 31.5% in 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 last quarter. Comerica Bank lifted its holdings in shares of CCC Intelligent Solutions by 103.1% in the 1st quarter. Comerica Bank now owns 774,261 shares of the company's stock valued at $9,260,000 after purchasing an additional 392,966 shares during the last quarter. Swiss National Bank boosted its position in shares of CCC Intelligent Solutions by 14.5% in the 1st quarter. Swiss National Bank now owns 475,900 shares of the company's stock valued at $5,692,000 after purchasing an additional 60,400 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in CCC Intelligent Solutions by 200.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company's stock worth $2,261,000 after buying an additional 135,710 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Up 0.2 %

Shares of CCCS traded up $0.02 during mid-day trading on Friday, hitting $11.41. The company had a trading volume of 851,531 shares, compared to its average volume of 3,407,112. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.14 billion, a PE ratio of 569.50, a P/E/G ratio of 6.12 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.68. The business's 50-day simple moving average is $10.84 and its 200-day simple moving average is $10.99.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the firm posted $0.03 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

CCCS has been the topic of a number of research reports. Barclays lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. Jefferies Financial Group decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a "buy" rating and a $15.00 price objective for the company. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.56.

Insider Activity

In related news, insider Michael John Silva sold 29,022 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the sale, the insider now owns 30,172 shares of the company's stock, valued at approximately $324,349. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mary Jo Prigge sold 38,816 shares of the firm's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $10.25, for a total transaction of $397,864.00. Following the sale, the insider now directly owns 97,268 shares in the company, valued at approximately $996,997. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael John Silva sold 29,022 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares of the company's stock, valued at $324,349. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.