Susquehanna Fundamental Investments LLC Buys New Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Susquehanna Fundamental Investments LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 102,012 shares of the company's stock, valued at approximately $1,197,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. increased its stake in CCC Intelligent Solutions by 12.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 20,494 shares of the company's stock worth $240,000 after purchasing an additional 2,258 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of CCC Intelligent Solutions in the fourth quarter worth about $139,000. Brasada Capital Management LP boosted its holdings in shares of CCC Intelligent Solutions by 3.8% in the fourth quarter. Brasada Capital Management LP now owns 633,123 shares of the company's stock worth $6,983,000 after buying an additional 23,116 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of CCC Intelligent Solutions by 6.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after acquiring an additional 4,060,284 shares in the last quarter. Finally, MGO One Seven LLC acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $145,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Buying and Selling

In related news, Director Eileen Schloss sold 27,478 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total transaction of $236,310.80. Following the transaction, the director now owns 26,569 shares of the company's stock, valued at approximately $228,493.40. The trade was a 50.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,087,456 shares of company stock worth $434,240,401. 6.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

CCCS has been the topic of several research analyst reports. Barclays lowered their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday. Piper Sandler reduced their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Morgan Stanley reduced their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.29.

CCC Intelligent Solutions Stock Up 4.5 %

NYSE:CCCS traded up $0.38 during mid-day trading on Wednesday, reaching $8.68. The stock had a trading volume of 1,745,015 shares, compared to its average volume of 4,754,908. 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 stock has a market cap of $5.72 billion, a P/E ratio of 433.47 and a beta of 0.76. The business's 50 day moving average is $9.03 and its 200 day moving average is $10.62. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $251.57 million during the quarter, compared to analysts' expectations of $249.87 million. During the same period in the prior year, the company posted $0.09 earnings per share. CCC Intelligent Solutions's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

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.