Oppenheimer Asset Management Inc. Buys 76,522 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Oppenheimer Asset Management Inc. grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 13.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 633,432 shares of the company's stock after purchasing an additional 76,522 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.10% of CCC Intelligent Solutions worth $5,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its position in 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 buying an additional 4,060,284 shares in the last quarter. Vanguard Group Inc. grew its position in CCC Intelligent Solutions by 1.7% during the fourth 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 in the last quarter. Brown Advisory Inc. grew its position in CCC Intelligent Solutions by 2.2% during the fourth quarter. Brown Advisory Inc. now owns 14,033,496 shares of the company's stock worth $164,613,000 after buying an additional 299,943 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in CCC Intelligent Solutions by 1.5% during the first quarter. Conestoga Capital Advisors LLC now owns 12,439,365 shares of the company's stock worth $112,327,000 after buying an additional 178,330 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in CCC Intelligent Solutions by 4,172.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company's stock worth $115,394,000 after buying an additional 9,607,085 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Up 1.1%

NYSE:CCCS traded up $0.10 during trading hours on Friday, hitting $9.41. 13,262,829 shares of the company were exchanged, compared to its average volume of 5,426,177. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 470.74 and a beta of 0.73. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The company has a fifty day simple moving average of $8.99 and a 200 day simple moving average of $9.89.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. During the same period last year, the company posted $0.09 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total transaction of $236,310.80. Following the transaction, the director now owns 26,569 shares of the company's stock, valued at $228,493.40. This trade represents a 50.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy A. Welsh purchased 100,000 shares of the stock in a transaction that occurred 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 acquisition, the insider now directly owns 168,472 shares in the company, valued at $1,521,302.16. This trade represents a 146.05% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 60,027,478 shares of company stock valued at $545,036,311. Corporate insiders own 6.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CCCS shares. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a research report on Monday, June 23rd. Barrington Research reiterated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. Barclays dropped their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Piper Sandler dropped their price target on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.06.

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.