Deutsche Bank AG Reduces Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Deutsche Bank AG decreased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 81.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,950 shares of the company's stock after selling 113,156 shares during the period. Deutsche Bank AG's holdings in CCC Intelligent Solutions were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its stake in shares of CCC Intelligent Solutions by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock worth $807,807,000 after acquiring an additional 4,060,284 shares during the last quarter. Vanguard Group Inc. raised its position in CCC Intelligent Solutions by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company's stock worth $602,772,000 after buying an additional 847,334 shares during the last quarter. Principal Financial Group Inc. lifted its stake in CCC Intelligent Solutions by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 26,939,551 shares of the company's stock valued at $316,001,000 after acquiring an additional 455,040 shares during the period. Brown Advisory Inc. raised its stake in shares of CCC Intelligent Solutions by 2.2% during the 4th quarter. Brown Advisory Inc. now owns 14,033,496 shares of the company's stock valued at $164,613,000 after buying an additional 299,943 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted 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 buying an additional 2,752,950 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CCCS. Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Barclays reduced their price target on 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. Piper Sandler dropped their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, 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 report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average price target of $12.19.

Insider Buying and Selling

In other CCC Intelligent Solutions news, insider Timothy A. Welsh acquired 100,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $9.03 per share, with a total value of $903,000.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,067,379 shares of company stock worth $545,395,616. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Trading Up 1.4%

Shares of CCCS stock traded up $0.13 on Wednesday, hitting $8.94. 1,531,371 shares of the stock traded hands, compared to its average volume of 5,020,611. 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 Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The firm's 50-day moving average price is $8.85 and its two-hundred day moving average price is $10.31. The stock has a market capitalization of $5.89 billion, a PE ratio of 445.47 and a beta of 0.76.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The firm 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 business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, analysts anticipate 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.