Dimensional Fund Advisors LP Buys 679,801 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Dimensional Fund Advisors LP raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,461,972 shares of the company's stock after purchasing an additional 679,801 shares during the period. Dimensional Fund Advisors LP owned 0.98% of CCC Intelligent Solutions worth $75,801,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCCS. Norges Bank bought a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $50,032,000. JPMorgan Chase & Co. increased its stake in shares of CCC Intelligent Solutions by 753.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,873,418 shares of the company's stock valued at $45,435,000 after buying an additional 3,419,507 shares in the last quarter. Pamalican Asset Management Ltd bought a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at about $33,773,000. Conestoga Capital Advisors LLC lifted its position in CCC Intelligent Solutions by 29.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock worth $143,822,000 after buying an additional 2,752,950 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in CCC Intelligent Solutions during the 4th quarter worth about $31,020,000. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Down 4.2 %

NYSE:CCCS traded down $0.38 during trading hours on Tuesday, hitting $8.81. The stock had a trading volume of 2,401,333 shares, compared to its average volume of 4,707,336. The business's 50 day moving average is $9.08 and its 200-day moving average is $10.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 440.97 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.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. During the same quarter last year, the firm earned $0.09 EPS. The company's quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Piper Sandler restated a "neutral" rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Barclays decreased their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Barrington Research reissued an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Finally, Morgan Stanley reduced their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.57.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.20, for a total value of $204,785.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eileen Schloss sold 34,055 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.98, for a total value of $305,813.90. Following the transaction, the director now directly owns 54,047 shares of the company's stock, valued at $485,342.06. This represents a 38.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,087,456 shares of company stock worth $434,240,401. 6.03% of the stock is owned by company insiders.

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.