43,179 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Bought by Corient Private Wealth LLC

Corient Private Wealth LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 43,179 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCCS. Federated Hermes Inc. boosted its position in shares of CCC Intelligent Solutions by 1.6% during the 3rd quarter. Federated Hermes Inc. now owns 65,231 shares of the company’s stock worth $871,000 after acquiring an additional 997 shares in the last quarter. Wealth Alliance boosted its position in shares of CCC Intelligent Solutions by 9.4% during the 3rd quarter. Wealth Alliance now owns 12,036 shares of the company’s stock worth $161,000 after acquiring an additional 1,033 shares in the last quarter. Synovus Financial Corp boosted its position in shares of CCC Intelligent Solutions by 2.0% during the 3rd quarter. Synovus Financial Corp now owns 64,261 shares of the company’s stock worth $858,000 after acquiring an additional 1,289 shares in the last quarter. Amalgamated Bank boosted its position in shares of CCC Intelligent Solutions by 4.5% during the 3rd quarter. Amalgamated Bank now owns 30,286 shares of the company’s stock worth $404,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in shares of CCC Intelligent Solutions by 65.9% during the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after acquiring an additional 1,659 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCCS has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Barclays boosted their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 1st. Evercore ISI boosted their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Finally, Piper Sandler boosted their target price on CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

Read Our Latest Report on CCC Intelligent Solutions

CCC Intelligent Solutions Price Performance

CCCS opened at $11.45 on Friday. The business has a 50 day moving average price of $11.38 and a two-hundred day moving average price of $11.41. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.43. The company has a market cap of $7.12 billion, a PE ratio of -54.52, a P/E/G ratio of 5.47 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $10.32 and a 52 week high of $13.41.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $227.24 million for the quarter, compared to analysts’ expectations of $225.21 million. CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. As a group, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Insider Transactions at CCC Intelligent Solutions

In other news, Director International L.P. Advent sold 41,622,992 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $11.43, for a total transaction of $475,750,798.56. Following the completion of the transaction, the director now directly owns 3,812,112 shares of the company’s stock, valued at approximately $43,572,440.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director International L.P. Advent sold 41,622,992 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $11.43, for a total transaction of $475,750,798.56. Following the completion of the transaction, the director now directly owns 3,812,112 shares of the company’s stock, valued at approximately $43,572,440.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Rodney Christo sold 4,606 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total value of $54,719.28. Following the transaction, the chief accounting officer now directly owns 14,154 shares of the company’s stock, valued at $168,149.52. The disclosure for this sale can be found here. In the last three months, insiders sold 61,211,087 shares of company stock valued at $703,412,322. Corporate insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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