CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Adero Partners LLC

Adero Partners LLC increased its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 118.5% in the third quarter, HoldingsChannel.com reports. The firm owned 5,780,925 shares of the company’s stock after acquiring an additional 3,135,650 shares during the quarter. CCC Intelligent Solutions accounts for 4.2% of Adero Partners LLC’s portfolio, making the stock its 7th largest position. Adero Partners LLC’s holdings in CCC Intelligent Solutions were worth $63,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. boosted its position in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,135 shares in the last quarter. CWM LLC grew its stake in CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after acquiring an additional 2,419 shares during the last quarter. Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions in the 1st quarter valued at about $53,000. Huntington National Bank grew its stake in CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock valued at $65,000 after acquiring an additional 1,599 shares during the last quarter. Finally, KBC Group NV grew its stake in CCC Intelligent Solutions by 81.7% in the 3rd quarter. KBC Group NV now owns 10,314 shares of the company’s stock valued at $114,000 after acquiring an additional 4,637 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 0.6 %

Shares of CCCS stock opened at $11.77 on Friday. The firm has a market cap of $7.36 billion, a P/E ratio of 78.47, a PEG ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.68. 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’s 50-day simple moving average is $10.96 and its 200-day simple moving average is $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Insider Activity at CCC Intelligent Solutions

In related news, insider Michael John Silva sold 29,022 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the transaction, the insider now owns 30,172 shares in the company, valued at approximately $324,349. This trade represents a 49.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mary Jo Prigge sold 2,489 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 97,268 shares in the company, valued at $1,167,216. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,664 shares of company stock worth $550,614. Company insiders own 6.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CCCS shares. Bank of America started 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 objective on the stock. JPMorgan Chase & Co. lowered their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Barclays lowered their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Finally, Jefferies Financial Group reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

CCC Intelligent Solutions Company Profile

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.