Brown Advisory Inc. Grows Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Brown Advisory Inc. boosted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 30.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,346,792 shares of the company's stock after buying an additional 4,313,296 shares during the period. Brown Advisory Inc. owned approximately 2.78% of CCC Intelligent Solutions worth $165,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CCCS. TD Private Client Wealth LLC purchased a new position in CCC Intelligent Solutions in the 4th quarter valued at approximately $31,000. Quarry LP bought a new position in CCC Intelligent Solutions in the 4th quarter valued at $36,000. Curated Wealth Partners LLC boosted its holdings in CCC Intelligent Solutions by 42.1% in the 1st quarter. Curated Wealth Partners LLC now owns 14,268 shares of the company's stock valued at $129,000 after purchasing an additional 4,224 shares during the period. Sagespring Wealth Partners LLC bought a new position in CCC Intelligent Solutions in the 4th quarter valued at $133,000. Finally, Two Sigma Securities LLC bought a new position in CCC Intelligent Solutions in the 4th quarter valued at $139,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $9.08, for a total value of $272,400,000.00. Following the transaction, the director owned 1,562,344 shares in the company, valued at approximately $14,186,083.52. The trade was a 95.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Crescenzo Neil E. De acquired 100,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $8.54 per share, for a total transaction of $854,000.00. Following the transaction, the director directly owned 213,429 shares of the company's stock, valued at approximately $1,822,683.66. This trade represents a 88.16% increase in their position. The disclosure for this purchase can be found here. 6.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their price objective 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 dropped their price objective 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. Morgan Stanley dropped 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 report on Wednesday, April 16th. Finally, Barclays dropped 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 report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average price target of $12.06.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock opened at $9.70 on Tuesday. 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 capitalization of $6.39 billion, a PE ratio of 485.24 and a beta of 0.74. The firm has a fifty day simple moving average of $9.08 and a two-hundred day simple moving average of $9.78. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88.

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

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.

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