CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.63.

CCCS has been the topic of a number of recent analyst reports. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Evercore ISI raised their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 100,000 shares of CCC Intelligent Solutions stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.50, for a total transaction of $1,150,000.00. Following the completion of the transaction, the insider now directly owns 86,825 shares of the company’s stock, valued at $998,487.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director International L.P. Advent sold 24,973,795 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $11.30, for a total value of $282,203,883.50. Following the completion of the sale, the director now owns 3,232,721 shares in the company, valued at $36,529,747.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Jo Prigge sold 100,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $11.50, for a total value of $1,150,000.00. Following the completion of the transaction, the insider now directly owns 86,825 shares in the company, valued at approximately $998,487.50. The disclosure for this sale can be found here. Insiders sold 67,834,732 shares of company stock valued at $772,476,647 over the last three months. 6.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 during the period. Principal Financial Group Inc. grew its stake in CCC Intelligent Solutions by 144,359.9% in the first quarter. Principal Financial Group Inc. now owns 18,329,069 shares of the company’s stock valued at $219,216,000 after purchasing an additional 18,316,381 shares during the last quarter. Janus Henderson Group PLC grew its stake in CCC Intelligent Solutions by 7.4% in the first 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 last quarter. Brown Advisory Inc. grew its stake in CCC Intelligent Solutions by 128.7% in the fourth quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock valued at $118,870,000 after purchasing an additional 5,873,823 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in CCC Intelligent Solutions by 59.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,312,688 shares of the company’s stock valued at $123,340,000 after purchasing an additional 3,861,020 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of NYSE CCCS opened at $11.12 on Friday. The firm’s 50-day moving average price is $11.27 and its 200-day moving average price is $11.39. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.91 billion, a PE ratio of -52.95 and a beta of 0.62. CCC Intelligent Solutions has a 52-week low of $10.32 and a 52-week high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $227.24 million during the quarter, compared to analysts’ expectations of $225.21 million. CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. As a group, analysts anticipate that CCC Intelligent Solutions will post 0.16 EPS for the current year.

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.