CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) CAO Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CCC Intelligent Solutions Stock Down 1.4 %
CCCS stock opened at $11.61 on Tuesday. 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 firm has a market cap of $7.26 billion, a PE ratio of 580.79, a P/E/G ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.68. The firm has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $11.00.
CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 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 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CCC Intelligent Solutions
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in CCC Intelligent Solutions by 17.7% during the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company's stock valued at $335,299,000 after buying an additional 4,225,920 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CCC Intelligent Solutions by 4.9% in the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company's stock valued at $292,654,000 after acquiring an additional 1,234,281 shares in the last quarter. Dragoneer Investment Group LLC boosted its stake in CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company's stock worth $176,704,000 after purchasing an additional 3,809,200 shares during the period. Wasatch Advisors LP grew its position in CCC Intelligent Solutions by 49.1% during the 3rd quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company's stock worth $158,358,000 after purchasing an additional 4,716,587 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in CCC Intelligent Solutions by 7.4% during the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company's stock valued at $149,133,000 after purchasing an additional 857,110 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CCCS. Barclays lowered 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. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a "buy" rating and a $15.00 price objective on the stock. Morgan Stanley upgraded CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Finally, Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.78.
Read Our Latest Report on CCC Intelligent Solutions
CCC Intelligent Solutions Company Profile
(
Get Free Report)
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.
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