Gilbert & Cook Inc. Purchases 3,387 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Gilbert & Cook Inc. increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 17.6% during the third quarter, HoldingsChannel.com reports. The fund owned 22,615 shares of the company’s stock after acquiring an additional 3,387 shares during the period. Gilbert & Cook Inc.’s holdings in CCC Intelligent Solutions were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank increased its holdings in CCC Intelligent Solutions by 30.6% during the 3rd quarter. Swiss National Bank now owns 788,900 shares of the company’s stock worth $8,717,000 after acquiring an additional 184,900 shares during the period. Adero Partners LLC increased its holdings in CCC Intelligent Solutions by 118.5% during the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock worth $63,879,000 after acquiring an additional 3,135,650 shares during the period. Natixis Advisors LLC increased its holdings in CCC Intelligent Solutions by 22.5% during the 3rd quarter. Natixis Advisors LLC now owns 305,321 shares of the company’s stock worth $3,374,000 after acquiring an additional 56,147 shares during the period. Huntington National Bank increased its holdings in CCC Intelligent Solutions by 37.6% during the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after acquiring an additional 1,599 shares during the period. Finally, KBC Group NV increased its holdings in CCC Intelligent Solutions by 81.7% during the 3rd quarter. KBC Group NV now owns 10,314 shares of the company’s stock worth $114,000 after acquiring an additional 4,637 shares during the period. Institutional investors own 95.79% of the company’s stock.

Insider Activity

In related news, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 30,172 shares in the company, valued at $324,349. This represents a 49.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the sale, the insider now 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. In the last 90 days, insiders sold 49,664 shares of company stock valued at $550,614. Corporate insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of CCC Intelligent Solutions stock opened at $11.77 on Monday. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.68. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 588.79, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. The company has a fifty day moving average of $10.96 and a 200-day moving average of $11.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data 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. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CCCS shares. Barclays decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. Jefferies Financial Group cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

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.