Comerica Bank Has $11.78 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Comerica Bank lowered its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,003,804 shares of the company's stock after selling 61,184 shares during the period. Comerica Bank owned 0.15% of CCC Intelligent Solutions worth $11,775,000 as of its most recent filing with the SEC.

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

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 27,478 shares of the stock in a transaction on Thursday, April 3rd. The stock was 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 approximately $228,493.40. This trade represents a 50.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,087,456 shares of company stock worth $434,240,401. Corporate insiders own 6.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley dropped their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday. The Goldman Sachs Group dropped 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 report on Wednesday. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler lowered their target price on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CCC Intelligent Solutions has an average rating of "Moderate Buy" and a consensus target price of $12.19.

CCC Intelligent Solutions Price Performance

CCCS stock traded up $0.06 during trading on Thursday, hitting $9.02. 2,863,261 shares of the stock traded hands, compared to its average volume of 4,791,753. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 449.47 and a beta of 0.76. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $9.01 and a 200 day simple moving average of $10.61.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $251.57 million for the quarter, compared to analyst estimates of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.