CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,033,496 shares of the company's stock after acquiring an additional 299,943 shares during the period. Brown Advisory Inc. owned 2.14% of CCC Intelligent Solutions worth $164,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CCCS. Eagle Bay Advisors LLC acquired a new stake in CCC Intelligent Solutions during the fourth quarter worth $25,000. UMB Bank n.a. acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth about $28,000. TD Private Client Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth about $31,000. Quarry LP purchased a new stake in CCC Intelligent Solutions in the 4th quarter valued at about $36,000. Finally, GAMMA Investing LLC lifted its position in CCC Intelligent Solutions by 286.9% in the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock valued at $39,000 after buying an additional 2,479 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Up 7.9 %

NYSE CCCS traded up $0.66 during trading hours on Wednesday, hitting $8.96. 10,282,667 shares of the company were exchanged, compared to its average volume of 4,798,896. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 447.97 and a beta of 0.76. The company has a 50 day moving average of $9.01 and a two-hundred day moving average of $10.61. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share 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 for the quarter, compared to analyst estimates of $249.87 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The business's quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CCCS shares. The Goldman Sachs Group reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday. Morgan Stanley cut their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays lowered their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Piper Sandler cut their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, 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 report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 27,478 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total value of $236,310.80. Following the transaction, the director now directly owns 26,569 shares in the company, valued at $228,493.40. This represents a 50.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rodney Christo sold 5,846 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total transaction of $53,490.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,087,456 shares of company stock worth $434,240,401. Corporate insiders own 6.03% of the company's stock.

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.