Cache Advisors LLC Makes New Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Cache Advisors LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 116,091 shares of the company's stock, valued at approximately $1,362,000.

Several other large investors have also made changes to their positions in CCCS. UMB Bank n.a. acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $28,000. TD Private Client Wealth LLC acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $31,000. Quarry LP acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $36,000. First Horizon Advisors Inc. raised its stake in shares of CCC Intelligent Solutions by 90.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,922 shares of the company's stock worth $69,000 after buying an additional 2,805 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of CCC Intelligent Solutions by 27.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,258 shares of the company's stock worth $86,000 after buying an additional 1,546 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on CCCS shares. Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. The Goldman Sachs Group dropped their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays decreased their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Piper Sandler decreased their target price on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley reduced their price target on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, CCC Intelligent Solutions has an average rating of "Moderate Buy" and a consensus target price of $12.19.

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 stock was sold at an average price of $9.08, for a total transaction of $272,400,000.00. Following the transaction, the director now owns 1,562,344 shares in the company, valued at $14,186,083.52. The trade was a 95.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Rodney Christo sold 5,846 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The disclosure for this sale can be found here. Insiders sold a total of 102,087,456 shares of company stock valued at $979,040,401 over the last quarter. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Price Performance

CCCS stock traded down $0.02 during midday trading on Thursday, hitting $8.66. 4,472,249 shares of the stock were exchanged, compared to its average volume of 5,066,610. The stock's 50-day moving average price is $8.88 and its 200-day moving average price is $10.39. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 433.97 and a beta of 0.76. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released 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 company had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. Research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share 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.