BNP Paribas Financial Markets Makes New Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

BNP Paribas Financial Markets acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 144,876 shares of the company's stock, valued at approximately $1,699,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. acquired a new position in CCC Intelligent Solutions during the 4th quarter worth $28,000. TD Private Client Wealth LLC bought a new position in shares of CCC Intelligent Solutions in the fourth quarter worth about $31,000. Quarry LP acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth about $36,000. Financial Management Professionals Inc. bought a new stake in CCC Intelligent Solutions during the 4th quarter valued at approximately $54,000. Finally, First Horizon Advisors Inc. grew its holdings in CCC Intelligent Solutions by 90.0% in the 4th quarter. First Horizon Advisors Inc. now owns 5,922 shares of the company's stock valued at $69,000 after buying an additional 2,805 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

CCCS traded up $0.13 during trading on Thursday, reaching $8.79. 4,383,924 shares of the company's stock were exchanged, compared to its average volume of 4,989,463. The company has a market capitalization of $5.79 billion, a P/E ratio of 439.47 and a beta of 0.76. 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 business has a 50 day moving average price of $8.93 and a 200 day moving average price of $10.48. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued 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. The business had revenue of $251.57 million for the quarter, compared to analyst estimates of $249.87 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCCS. Piper Sandler cut their price target on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their target price for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays dropped their price objective on shares of 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. Finally, The Goldman Sachs Group reduced their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

Insider Activity

In related news, CAO Rodney Christo sold 5,846 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total value of $433,440,000.00. Following the sale, the director now directly owns 2,258,343 shares of the company's stock, valued at $23,306,099.76. This represents a 94.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,087,456 shares of company stock worth $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.