Commonwealth Equity Services LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 631,142 shares of the company’s stock, valued at approximately $6,967,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in CCC Intelligent Solutions by 66.6% in the 4th quarter. Northern Trust Corp now owns 177,533 shares of the company’s stock worth $2,022,000 after buying an additional 70,985 shares during the period. CIBC Asset Management Inc purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth approximately $289,000. Parkwood LLC purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth approximately $458,000. Summit Creek Advisors LLC purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth approximately $3,085,000. Finally, Bluefin Capital Management LLC purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth approximately $139,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
CCC Intelligent Solutions Trading Down 1.3 %
Shares of NYSE:CCCS opened at $9.80 on Wednesday. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $7.41 and a 1 year high of $13.46. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 4.75, a price-to-earnings-growth ratio of 1.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.30 and a quick ratio of 2.30. The business’s 50 day moving average price is $9.30 and its 200-day moving average price is $9.74.
Analysts Set New Price Targets
Several research firms have commented on CCCS. The Goldman Sachs Group upgraded CCC Intelligent Solutions from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, July 13th. Jefferies Financial Group began coverage on CCC Intelligent Solutions in a research report on Friday, July 8th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Bank of America began coverage on CCC Intelligent Solutions in a research report on Friday, June 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.83.
CCC Intelligent Solutions Company Profile
CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.
- Get a free copy of the StockNews.com research report on CCC Intelligent Solutions (CCCS)
- AMD Q2 Earnings Beat Expectations Significantly, Is AMD A Buy?
- 3 Health Care Stocks in Great Financial Health
- Amazon Names Itself A Top Stock Of Q3 Contender
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Are Baidu’s Delisting Fears a Good Entry for New Investors?
Receive News & Ratings for CCC Intelligent Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCC Intelligent Solutions and related companies with MarketBeat.com's FREE daily email newsletter.