Nuveen Asset Management LLC Lowers Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Nuveen Asset Management LLC lowered its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 981,413 shares of the company's stock after selling 29,008 shares during the quarter. Nuveen Asset Management LLC owned 0.15% of CCC Intelligent Solutions worth $11,512,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCCS. KBC Group NV increased its stake in shares of CCC Intelligent Solutions by 55.9% in the 4th quarter. KBC Group NV now owns 16,075 shares of the company's stock valued at $189,000 after acquiring an additional 5,761 shares in the last quarter. Norris Perne & French LLP MI lifted its stake in shares of CCC Intelligent Solutions by 11.0% in the fourth quarter. Norris Perne & French LLP MI now owns 378,769 shares of the company's stock valued at $4,443,000 after buying an additional 37,402 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of CCC Intelligent Solutions by 21.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 17,686 shares of the company's stock valued at $203,000 after buying an additional 3,090 shares in the last quarter. Berry Wealth Group LP lifted its stake in shares of CCC Intelligent Solutions by 5.8% in the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company's stock valued at $237,000 after buying an additional 1,109 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of CCC Intelligent Solutions by 29.0% in the fourth 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 in the last quarter. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Up 0.6%

CCCS traded up $0.05 during mid-day trading on Friday, reaching $8.81. 8,042,497 shares of the stock were exchanged, compared to its average volume of 4,972,615. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market capitalization of $5.81 billion, a PE ratio of 440.72 and a beta of 0.76. The company has a 50 day moving average price of $8.86 and a two-hundred day moving average price of $10.34. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on CCCS shares. Piper Sandler decreased their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barrington Research reissued an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Barclays decreased their price objective 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. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.19.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the completion of the transaction, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. This trade represents a 94.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now owns 1,562,344 shares of the company's stock, valued at $14,186,083.52. This represents a 95.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,087,456 shares of company stock valued at $979,040,401. 6.03% of the stock is owned by insiders.

CCC Intelligent Solutions 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.