Bank Julius Baer & Co. Ltd Zurich Sells 581,263 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 43.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 751,042 shares of the company's stock after selling 581,263 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.11% of CCC Intelligent Solutions worth $6,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CCCS. Teacher Retirement System of Texas increased its position in shares of CCC Intelligent Solutions by 13.6% during the first quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock valued at $1,669,000 after buying an additional 22,185 shares during the period. GAMMA Investing LLC grew its stake in CCC Intelligent Solutions by 644.2% during 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 in the last quarter. Amalgamated Bank increased its holdings in CCC Intelligent Solutions by 4.9% during the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company's stock worth $225,000 after acquiring an additional 1,163 shares during the period. KBC Group NV lifted its stake in CCC Intelligent Solutions by 26.0% in the 1st quarter. KBC Group NV now owns 20,261 shares of the company's stock worth $183,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in CCC Intelligent Solutions by 35.7% in the 1st quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock worth $376,000 after purchasing an additional 10,957 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Barclays reduced their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. 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 research note on Wednesday, April 16th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a research report on Monday, June 23rd. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.06.

Insider Buying and Selling at CCC Intelligent Solutions

In related 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 transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy A. Welsh purchased 100,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $9.03 per share, for a total transaction of $903,000.00. Following the completion of the purchase, the insider directly owned 168,472 shares in the company, valued at approximately $1,521,302.16. This trade represents a 146.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS traded up $0.14 during trading hours on Friday, reaching $10.02. 3,487,187 shares of the stock traded hands, compared to its average volume of 7,445,245. The company's 50-day simple moving average is $9.28 and its two-hundred day simple moving average is $9.60. The company has a market capitalization of $6.60 billion, a P/E ratio of 501.25 and a beta of 0.74. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $251.57 million for the quarter, compared to the consensus estimate of $249.87 million. During the same period last year, the firm posted $0.09 earnings per share. The business's revenue was up 10.7% compared to the same quarter last year. Equities research analysts forecast 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.