Thrivent Financial for Lutherans Sells 59,505 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Thrivent Financial for Lutherans lowered its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 67.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,400 shares of the company's stock after selling 59,505 shares during the quarter. Thrivent Financial for Lutherans' holdings in CCC Intelligent Solutions were worth $314,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCCS. CWM LLC lifted its position in CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company's stock worth $34,000 after purchasing an additional 2,419 shares during the period. Huntington National Bank raised its stake in shares of CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company's stock valued at $65,000 after buying an additional 1,599 shares in the last quarter. KBC Group NV lifted its holdings in shares of CCC Intelligent Solutions by 81.7% during the 3rd quarter. KBC Group NV now owns 10,314 shares of the company's stock worth $114,000 after acquiring an additional 4,637 shares during the period. Quarry LP increased its stake in CCC Intelligent Solutions by 304.0% in the second quarter. Quarry LP now owns 11,219 shares of the company's stock valued at $125,000 after acquiring an additional 8,442 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company's stock worth $132,000 after purchasing an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCCS. Barclays decreased their price objective 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. Barrington Research reiterated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a "buy" rating and a $15.00 target price on the stock. JPMorgan Chase & Co. dropped 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 research report on Tuesday, October 29th. Finally, Morgan Stanley raised shares of CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.78.

CCC Intelligent Solutions Price Performance

CCCS traded down $0.03 during midday trading on Friday, hitting $12.71. The company had a trading volume of 521,945 shares, compared to its average volume of 3,393,296. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.88. The company has a market capitalization of $7.95 billion, a PE ratio of 637.50, a P/E/G ratio of 6.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The firm's 50-day simple moving average is $11.41 and its 200-day simple moving average is $11.15.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business posted $0.03 earnings per share. CCC Intelligent Solutions's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Mary Jo Prigge sold 19,276 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $12.67, for a total transaction of $244,226.92. Following the completion of the sale, the insider now directly owns 97,268 shares of the company's stock, valued at $1,232,385.56. The trade was a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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. Insiders sold a total of 443,153 shares of company stock worth $5,390,863 over the last 90 days. 6.67% of the stock is owned by insiders.

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.