Bank of New York Mellon Corp Has $21.52 Million Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Bank of New York Mellon Corp increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,382,922 shares of the company's stock after purchasing an additional 76,144 shares during the period. Bank of New York Mellon Corp owned about 0.36% of CCC Intelligent Solutions worth $21,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas grew its position in CCC Intelligent Solutions by 13.6% in the first quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock valued at $1,669,000 after acquiring an additional 22,185 shares during the period. GAMMA Investing LLC grew its position in CCC Intelligent Solutions by 644.2% in the first quarter. GAMMA Investing LLC now owns 24,878 shares of the company's stock valued at $225,000 after acquiring an additional 21,535 shares during the period. Amalgamated Bank grew its position in CCC Intelligent Solutions by 4.9% in the first quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after acquiring an additional 1,163 shares during the period. KBC Group NV grew its position in CCC Intelligent Solutions by 26.0% in the first quarter. KBC Group NV now owns 20,261 shares of the company's stock valued at $183,000 after acquiring an additional 4,186 shares during the period. Finally, Fifth Third Bancorp grew its position in CCC Intelligent Solutions by 35.7% in the first quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock valued at $376,000 after acquiring an additional 10,957 shares during the period. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Trading Down 0.7%

Shares of CCCS traded down $0.07 during trading hours on Monday, hitting $9.69. 4,139,892 shares of the stock traded hands, compared to its average volume of 5,475,894. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The firm has a market capitalization of $6.39 billion, a PE ratio of 484.74 and a beta of 0.74. The business has a fifty day moving average of $9.20 and a 200-day moving average of $9.64.

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, meeting the consensus estimate of $0.08. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $251.57 million for the quarter, compared to analyst estimates of $249.87 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company's quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

CCCS has been the topic of a number of analyst reports. Piper Sandler lowered their price target on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. The Goldman Sachs Group decreased their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a report on Monday, June 23rd. Barrington Research restated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Finally, Morgan Stanley decreased their target price 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, CCC Intelligent Solutions presently has an average rating of "Moderate Buy" and an average price target of $12.06.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total value of $272,400,000.00. Following the completion of the sale, the director directly owned 1,562,344 shares in the company, valued at $14,186,083.52. This represents a 95.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy A. Welsh purchased 100,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was acquired at an average price of $9.03 per share, with a total value of $903,000.00. Following the completion of the acquisition, the insider directly owned 168,472 shares of the company's stock, valued at approximately $1,521,302.16. This represents a 146.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.03% of the stock is currently owned by company insiders.

About CCC Intelligent Solutions

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.