Captrust Financial Advisors Sells 26,658 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Captrust Financial Advisors trimmed its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 38.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,951 shares of the company’s stock after selling 26,658 shares during the period. Captrust Financial Advisors’ holdings in CCC Intelligent Solutions were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CCCS. Price T Rowe Associates Inc. MD lifted its position in CCC Intelligent Solutions by 4,172.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company’s stock worth $115,394,000 after buying an additional 9,607,085 shares during the last quarter. Norges Bank bought a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth about $50,032,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of CCC Intelligent Solutions by 6.3% during the 4th 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. JPMorgan Chase & Co. grew its holdings in CCC Intelligent Solutions by 753.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,873,418 shares of the company’s stock valued at $45,435,000 after purchasing an additional 3,419,507 shares during the last quarter. Finally, Pamalican Asset Management Ltd bought a new position in CCC Intelligent Solutions during the 4th quarter valued at about $33,773,000. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 20,077 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric Wei sold 42,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares of the company’s stock, valued at approximately $23,306,099.76. This trade represents a 94.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. 6.03% of the stock is currently owned by corporate insiders.

CCC Intelligent Solutions Stock Performance

CCCS stock opened at $9.12 on Monday. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The business has a 50-day moving average price of $8.95 and a 200 day moving average price of $10.51. The company has a market capitalization of $6.01 billion, a P/E ratio of 456.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on CCCS shares. Morgan Stanley cut their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Barclays decreased their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.