BNP Paribas Financial Markets Purchases Shares of 144,876 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

BNP Paribas Financial Markets acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 144,876 shares of the company's stock, valued at approximately $1,699,000.

Other large investors have also modified their holdings of the company. UMB Bank n.a. bought a new stake in shares of CCC Intelligent Solutions in the 4th quarter valued at about $28,000. Ameriprise Financial Inc. raised its holdings in shares of CCC Intelligent Solutions by 42.3% in the 4th quarter. Ameriprise Financial Inc. now owns 986,831 shares of the company's stock valued at $11,576,000 after purchasing an additional 293,355 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of CCC Intelligent Solutions by 29.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock valued at $143,822,000 after purchasing an additional 2,752,950 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of CCC Intelligent Solutions by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 903,510 shares of the company's stock valued at $10,598,000 after purchasing an additional 26,694 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of CCC Intelligent Solutions by 55.9% in the 4th quarter. KBC Group NV now owns 16,075 shares of the company's stock valued at $189,000 after purchasing an additional 5,761 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Down 3.8%

Shares of NYSE CCCS traded down $0.33 during trading hours on Friday, hitting $8.47. 8,634,940 shares of the stock were exchanged, compared to its average volume of 5,015,621. 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 company has a market cap of $5.58 billion, a PE ratio of 423.71 and a beta of 0.76. The firm has a fifty day moving average price of $8.91 and a 200-day moving average price of $10.45. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $251.57 million during 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%. CCC Intelligent Solutions's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. On average, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling

In related news, insider Timothy A. Welsh purchased 100,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were acquired at an average price of $9.03 per share, for a total transaction of $903,000.00. Following the purchase, the insider now owns 168,472 shares of the company's stock, valued at $1,521,302.16. This trade represents a 146.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rodney Christo sold 20,077 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The disclosure for this sale can be found here. Insiders sold a total of 42,087,456 shares of company stock worth $434,240,401 in the last 90 days. 6.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCCS. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Piper Sandler reduced their price target on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley reduced their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

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.