Thrivent Financial for Lutherans Reduces Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Thrivent Financial for Lutherans trimmed its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 67.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of CCC Intelligent Solutions by 4.9% in the third quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company's stock worth $292,654,000 after purchasing an additional 1,234,281 shares during the last quarter. Dragoneer Investment Group LLC boosted its position 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 buying an additional 3,809,200 shares during the period. Ghisallo Capital Management LLC bought a new stake in CCC Intelligent Solutions in the 2nd quarter worth $132,917,000. Conestoga Capital Advisors LLC increased its position in shares of CCC Intelligent Solutions by 18.7% in the third quarter. Conestoga Capital Advisors LLC now owns 9,508,085 shares of the company's stock valued at $105,064,000 after acquiring an additional 1,498,200 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of CCC Intelligent Solutions during the second quarter valued at about $70,844,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays reduced 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. Bank of America began coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a "buy" rating and a $15.00 target price on the stock. Morgan Stanley raised CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Two equities 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.78.

Check Out Our Latest Stock Analysis on CCC Intelligent Solutions

Insider Transactions at CCC Intelligent Solutions

In other news, insider Mary Jo Prigge sold 2,489 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 97,268 shares in the company, valued at $1,167,216. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Rodney Christo sold 75,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Insiders have sold 443,153 shares of company stock worth $5,390,863 in the last quarter. Company insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of CCC Intelligent Solutions stock opened at $12.74 on Friday. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 637.32, a PEG ratio of 6.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.88. The firm's 50-day moving average is $11.38 and its 200 day moving average is $11.14.

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 the consensus estimate of $0.09 by $0.01. The company had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. Sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS 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.

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Want to see what other hedge funds are holding CCCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report).

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