Victory Capital Management Inc. Has $583,000 Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Victory Capital Management Inc. raised its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,720 shares of the company’s stock after purchasing an additional 2,626 shares during the quarter. Victory Capital Management Inc.’s holdings in CCC Intelligent Solutions were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in 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 buying an additional 1,234,281 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings 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 worth $176,704,000 after purchasing an additional 3,809,200 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in shares of CCC Intelligent Solutions in the second quarter valued at approximately $132,917,000. Conestoga Capital Advisors LLC boosted its holdings in CCC Intelligent Solutions by 18.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 9,508,085 shares of the company’s stock valued at $105,064,000 after purchasing an additional 1,498,200 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in CCC Intelligent Solutions during the second quarter valued at $70,844,000. Institutional investors own 95.79% of the company’s stock.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 2,489 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at $1,167,216. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 9,916 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $125,635.72. The disclosure for this sale can be found here. Insiders have sold a total of 443,153 shares of company stock worth $5,390,863 in the last ninety days. Insiders own 6.67% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the subject of several research analyst reports. Barclays dropped their target price 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. JPMorgan Chase & Co. cut their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Finally, Bank of America assumed coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

CCC Intelligent Solutions Trading Down 0.1 %

NYSE:CCCS opened at $12.61 on Friday. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 630.50, a PEG ratio of 7.02 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 $12.83. 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 company’s 50 day moving average price is $11.21 and its 200-day moving average price is $11.08.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the prior year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

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.