Dimensional Fund Advisors LP Raises Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Dimensional Fund Advisors LP raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 65.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,632,968 shares of the company’s stock after buying an additional 1,831,135 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.75% of CCC Intelligent Solutions worth $51,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCCS. Banque Cantonale Vaudoise raised its stake in shares of CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares during the last quarter. American International Group Inc. grew its holdings in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the period. CWM LLC grew its holdings 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 acquiring an additional 2,419 shares during the period. Twin Tree Management LP acquired a new position in CCC Intelligent Solutions during the first quarter worth $53,000. Finally, Parkside Financial Bank & Trust grew its holdings in 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 period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

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

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock opened at $11.13 on Monday. The stock’s 50-day moving average is $10.68 and its 200-day moving average is $11.16. The company has a market cap of $6.92 billion, a price-to-earnings ratio of -53.00, a price-to-earnings-growth ratio of 6.35 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.79. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate 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 business posted $0.02 EPS. Equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was 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 SEC, which can be accessed through this hyperlink. In other CCC Intelligent Solutions news, insider Brian Herb sold 20,887 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now owns 217,872 shares in the company, valued at approximately $2,231,009.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 238,787 shares of company stock worth $2,418,609. 6.67% of the stock is currently owned by company insiders.

About CCC Intelligent Solutions

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.