CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC raised its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 10.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,497 shares of the company’s stock after buying an additional 35,436 shares during the period. CCC Intelligent Solutions comprises about 0.7% of Mcmorgan & Co. LLC’s holdings, making the stock its 23rd largest position. Mcmorgan & Co. LLC owned 0.06% of CCC Intelligent Solutions worth $4,183,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise boosted its holdings in shares of CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after buying an additional 1,424 shares in the last quarter. American International Group Inc. grew its stake in CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after buying an additional 1,135 shares during the last quarter. CWM LLC increased its position in CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after buying an additional 2,419 shares during the period. Twin Tree Management LP purchased a new stake in CCC Intelligent Solutions in the first quarter valued at approximately $53,000. Finally, Parkside Financial Bank & Trust grew its position in shares of CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after acquiring an additional 1,564 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 99,925 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $9.89, for a total transaction of $988,258.25. Following the sale, the director now directly owns 54,047 shares in the company, valued at $534,524.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the sale, the director now directly owns 54,047 shares of the company’s stock, valued at $534,524.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,212,582 shares of company stock worth $284,622,492. 6.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CCCS shares. Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Jefferies Financial Group decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America assumed coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $13.75.

CCC Intelligent Solutions Trading Down 0.5 %

NYSE CCCS opened at $10.88 on Thursday. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $13.41. The firm has a 50-day moving average price of $10.69 and a 200 day moving average price of $11.19. The stock has a market capitalization of $6.76 billion, a P/E ratio of -51.81, a P/E/G ratio of 6.35 and a beta of 0.62. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

CCC Intelligent Solutions 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.