BNP Paribas Financial Markets Makes New Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

BNP Paribas Financial Markets bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 144,876 shares of the company’s stock, valued at approximately $1,699,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its position in CCC Intelligent Solutions by 6.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company’s stock worth $807,807,000 after purchasing an additional 4,060,284 shares during the period. Vanguard Group Inc. boosted its stake in CCC Intelligent Solutions by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company’s stock valued at $602,772,000 after purchasing an additional 847,334 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CCC Intelligent Solutions by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company’s stock valued at $316,001,000 after purchasing an additional 455,040 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in CCC Intelligent Solutions by 29.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company’s stock valued at $143,822,000 after purchasing an additional 2,752,950 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in CCC Intelligent Solutions by 4,172.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company’s stock valued at $115,394,000 after purchasing an additional 9,607,085 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS opened at $9.12 on Friday. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The stock has a fifty day moving average of $8.95 and a 200-day moving average of $10.51. The company has a market capitalization of $6.01 billion, a PE ratio of 456.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other CCC Intelligent Solutions news, insider Timothy A. Welsh bought 100,000 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $9.03 per share, for a total transaction of $903,000.00. Following the completion of the acquisition, the insider now directly owns 168,472 shares of the company’s stock, valued at approximately $1,521,302.16. This trade represents a 146.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Insiders sold 42,087,456 shares of company stock worth $434,240,401 over the last quarter. Corporate insiders own 6.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCCS shares. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley decreased their price target on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. Barclays decreased their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Piper Sandler cut their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.19.

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.