State Board of Administration of Florida Retirement System Takes Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

State Board of Administration of Florida Retirement System purchased a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,050 shares of the company’s stock, valued at approximately $192,000.

A number of other large investors have also made changes to their positions in CCCS. Fifth Third Bancorp purchased a new position in CCC Intelligent Solutions during the 4th quarter valued at about $47,000. Captrust Financial Advisors purchased a new position in CCC Intelligent Solutions during the 2nd quarter valued at about $53,000. Quantbot Technologies LP increased its holdings in CCC Intelligent Solutions by 252.1% during the 1st quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock valued at $63,000 after acquiring an additional 4,106 shares in the last quarter. Royal Bank of Canada increased its holdings in CCC Intelligent Solutions by 277.6% during the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock valued at $85,000 after acquiring an additional 5,658 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in CCC Intelligent Solutions during the 4th quarter valued at about $88,000. Hedge funds and other institutional investors own 96.40% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of NYSE CCCS opened at $9.92 on Tuesday. The company has a 50-day simple moving average of $8.94 and a 200-day simple moving average of $8.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.89 and a quick ratio of 3.89. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.19 and a 12 month high of $10.19. The company has a market cap of $6.23 billion, a PE ratio of 248.06 and a beta of 0.75.

CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. CCC Intelligent Solutions had a net margin of 3.57% and a return on equity of 8.62%. The business had revenue of $204.11 million for the quarter, compared to analysts’ expectations of $201.45 million. On average, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCCS has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of CCC Intelligent Solutions in a report on Thursday, April 13th. They set an “overweight” rating and a $11.00 target price for the company. Piper Sandler lifted their price target on shares of CCC Intelligent Solutions from $9.80 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, March 2nd. Finally, Barrington Research reiterated an “outperform” rating and set a $15.00 price target on shares of CCC Intelligent Solutions in a report on Friday, March 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.63.

CCC Intelligent Solutions Company Profile

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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.