Allspring Global Investments Holdings LLC Purchases 138,669 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Allspring Global Investments Holdings LLC lifted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,301,112 shares of the company’s stock after buying an additional 138,669 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $7,807,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% in the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after buying an additional 1,189,466 shares during the period. Wasatch Advisors LP boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after acquiring an additional 5,440,768 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 0.7% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,481,093 shares of the company’s stock worth $20,887,000 after acquiring an additional 24,200 shares during the period. Hsbc Holdings PLC grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% during the 1st quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock worth $12,181,000 after acquiring an additional 1,812,674 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 7,790.5% in the 1st quarter. Fifth Third Bancorp now owns 733,891 shares of the company’s stock worth $4,403,000 after acquiring an additional 724,590 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CCC shares. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Finally, Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $6.00 in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.25.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 0.2%

CCC opened at $5.74 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $10.50. The firm has a market capitalization of $3.37 billion, a P/E ratio of 95.68 and a beta of 0.51. The business’s fifty day simple moving average is $5.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.