Lazard Asset Management LLC cut its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 85.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,308 shares of the company's stock after selling 257,562 shares during the quarter. Lazard Asset Management LLC's holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $260,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CCC. Root Financial Partners LLC grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock worth $29,000 after purchasing an additional 4,644 shares during the period. Essex Financial Services Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $61,000. Kera Capital Partners Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $62,000. Citizens Financial Group Inc. RI purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $65,000. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth $87,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.
CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance
Shares of CCC stock opened at $6.92 on Friday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 86.51 and a beta of 0.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $10.14. The business's fifty day moving average is $5.42.
CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The business had revenue of $285.93 million for the quarter. The business's revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CCC. Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Stifel Nicolaus reaffirmed a "buy" rating and set a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Jefferies Financial Group set a $7.00 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, July 31st. Finally, Barrington Research reissued an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.12.
Get Our Latest Stock Analysis on CCC Intelligent Solutions Holdings Inc. Common Stock
CCC Intelligent Solutions Holdings Inc. Common Stock Profile
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Free Report)
CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.
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