CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock Position Raised by Dimensional Fund Advisors LP

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

Other hedge funds have also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at approximately $25,000. UMB Bank n.a. acquired a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at about $28,000. TD Private Client Wealth LLC acquired a new stake in CCC Intelligent Solutions in the 4th quarter valued at about $31,000. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 2,479 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of CCC Intelligent Solutions during the 4th quarter worth $54,000. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Up 0.9 %

Shares of CCCS stock traded up $0.08 on Friday, reaching $9.26. 4,302,253 shares of the stock were exchanged, compared to its average volume of 4,707,074. The firm has a 50 day moving average of $9.10 and a two-hundred day moving average of $10.65. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. 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 stock has a market cap of $6.10 billion, a P/E ratio of 463.23 and a beta of 0.77.

Analyst Upgrades and Downgrades

CCCS has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on shares of 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 issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Piper Sandler reaffirmed a "neutral" rating and set a $11.00 price objective (down from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Barclays decreased their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $12.57.

Insider Activity

In related news, CAO Rodney Christo sold 5,846 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen Schloss sold 27,478 shares of the company's 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 of the company's stock, valued at $228,493.40. This trade represents a 50.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. Company 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.