CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Strs Ohio

Strs Ohio raised its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,608 shares of the company’s stock after acquiring an additional 12,862 shares during the quarter. Strs Ohio’s holdings in CCC Intelligent Solutions were worth $1,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCCS. T. Rowe Price Investment Management Inc. boosted its stake in shares of CCC Intelligent Solutions by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 29,864,967 shares of the company’s stock worth $259,826,000 after purchasing an additional 108,949 shares during the last quarter. Vanguard Group Inc. boosted its position in CCC Intelligent Solutions by 7.2% during the third quarter. Vanguard Group Inc. now owns 17,765,795 shares of the company’s stock worth $237,173,000 after acquiring an additional 1,188,369 shares during the last quarter. Invesco Ltd. grew its stake in CCC Intelligent Solutions by 19.2% in the 3rd quarter. Invesco Ltd. now owns 7,822,986 shares of the company’s stock worth $104,437,000 after acquiring an additional 1,260,457 shares during the period. Riverbridge Partners LLC raised its holdings in CCC Intelligent Solutions by 41.6% in the 4th quarter. Riverbridge Partners LLC now owns 6,836,239 shares of the company’s stock valued at $77,865,000 after acquiring an additional 2,009,175 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in CCC Intelligent Solutions by 11.7% in the 2nd quarter. BlackRock Inc. now owns 6,635,331 shares of the company’s stock valued at $74,382,000 after acquiring an additional 696,126 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCCS. Barclays lifted their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Piper Sandler upped their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Citigroup reaffirmed a “buy” rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Finally, Evercore ISI increased their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.63.

Insider Transactions at CCC Intelligent Solutions

In related news, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the sale, the director now directly owns 5,164,022 shares in the company, valued at approximately $58,508,369.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the completion of the sale, the director now directly owns 5,164,022 shares of the company’s stock, valued at approximately $58,508,369.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 4,606 shares of CCC Intelligent Solutions stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $54,719.28. Following the sale, the chief accounting officer now directly owns 14,154 shares in the company, valued at approximately $168,149.52. The disclosure for this sale can be found here. Insiders sold 59,648,839 shares of company stock valued at $681,118,139 over the last quarter. Company insiders own 6.47% of the company’s stock.

CCC Intelligent Solutions Trading Up 0.2 %

Shares of CCCS stock opened at $11.44 on Friday. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $13.41. The firm’s 50 day moving average price is $11.74 and its two-hundred day moving average price is $11.54. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of -54.48 and a beta of 0.62. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.43.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. The business had revenue of $228.60 million for the quarter, compared to analyst estimates of $222.80 million. On average, analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 EPS for the current year.

CCC Intelligent Solutions Company Profile

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.