CCC Intelligent Solutions’ (CCCS) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of CCC Intelligent Solutions (NYSE:CCCS) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $14.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Barclays reduced their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Bank of America initiated coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

CCC Intelligent Solutions Stock Up 0.6 %

Shares of NYSE:CCCS opened at $10.47 on Tuesday. CCC Intelligent Solutions has a 1 year low of $9.79 and a 1 year high of $12.68. The business has a 50 day simple moving average of $10.83 and a two-hundred day simple moving average of $11.00. The firm has a market capitalization of $6.55 billion, a PE ratio of 523.76, a price-to-earnings-growth ratio of 6.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 2.79.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, equities analysts predict that CCC Intelligent Solutions will post 0.16 EPS for the current year.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares in the company, valued at $324,349. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Eileen Schloss sold 99,925 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the transaction, the director now owns 54,047 shares of the company’s stock, valued at approximately $534,524.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael John Silva sold 29,022 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total transaction of $311,986.50. Following the transaction, the insider now directly owns 30,172 shares of the company’s stock, valued at $324,349. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,323 shares of company stock valued at $2,157,354 in the last ninety days. 6.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its holdings in shares of CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after acquiring an additional 1,135 shares in the last quarter. CWM LLC raised its position in shares of CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of CCC Intelligent Solutions in the first quarter valued at approximately $53,000. Quarry LP raised its position in shares of CCC Intelligent Solutions by 304.0% in the second quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after buying an additional 8,442 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after purchasing an additional 1,564 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.