Y Intercept Hong Kong Ltd Purchases New Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Y Intercept Hong Kong Ltd acquired a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 62,007 shares of the company’s stock, valued at approximately $685,000.

Other large investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of CCC Intelligent Solutions during the third quarter worth $292,000. Wellington Management Group LLP raised its holdings in CCC Intelligent Solutions by 92.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,279,252 shares of the company’s stock worth $36,236,000 after purchasing an additional 1,578,942 shares during the last quarter. State Street Corp lifted its position in CCC Intelligent Solutions by 32.2% during the 3rd quarter. State Street Corp now owns 7,446,518 shares of the company’s stock valued at $82,284,000 after purchasing an additional 1,815,816 shares during the period. Stifel Financial Corp lifted its position in CCC Intelligent Solutions by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 162,076 shares of the company’s stock valued at $1,791,000 after purchasing an additional 18,062 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of CCC Intelligent Solutions by 1,355.0% in the 3rd quarter. HighTower Advisors LLC now owns 602,797 shares of the company’s stock valued at $6,662,000 after purchasing an additional 561,367 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the topic of several analyst reports. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Bank of America initiated 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. Barclays dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.89.

CCC Intelligent Solutions Stock Down 0.9 %

Shares of CCC Intelligent Solutions stock opened at $12.13 on Friday. The company has a market capitalization of $7.59 billion, a P/E ratio of 606.80, a price-to-earnings-growth ratio of 6.80 and a beta of 0.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The business has a 50-day moving average of $11.60 and a two-hundred day moving average of $11.18. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. As a group, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insider Transactions at CCC Intelligent Solutions

In other news, insider Githesh Ramamurthy sold 9,348 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $11.50, for a total value of $107,502.00. Following the sale, the insider now directly owns 4,798,040 shares in the company, valued at $55,177,460. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total value of $29,868.00. Following the transaction, the insider now directly owns 97,268 shares of the company’s stock, valued at $1,167,216. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 443,153 shares of company stock valued at $5,390,863 over the last quarter. Corporate insiders own 6.67% of the company’s stock.

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.