Stanley Laman Group Ltd. Buys Shares of 420,626 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Stanley Laman Group Ltd. purchased a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 420,626 shares of the company's stock, valued at approximately $3,798,000. Stanley Laman Group Ltd. owned 0.06% of CCC Intelligent Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted 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 during the period. SG Americas Securities LLC boosted its stake in CCC Intelligent Solutions by 25.1% in the 1st quarter. SG Americas Securities LLC now owns 32,504 shares of the company's stock worth $294,000 after purchasing an additional 6,513 shares during the period. Curated Wealth Partners LLC boosted its stake in shares of CCC Intelligent Solutions by 42.1% during the 1st quarter. Curated Wealth Partners LLC now owns 14,268 shares of the company's stock worth $129,000 after buying an additional 4,224 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of CCC Intelligent Solutions by 3.5% during the 1st quarter. Park Avenue Securities LLC now owns 86,212 shares of the company's stock worth $778,000 after buying an additional 2,877 shares during the last quarter. Finally, Yarbrough Capital LLC acquired a new position in shares of CCC Intelligent Solutions during the 1st quarter worth about $350,000. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock traded down $0.13 on Friday, reaching $8.80. The stock had a trading volume of 7,064,521 shares, compared to its average volume of 5,250,291. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average is $8.88 and its two-hundred day moving average is $10.17. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 440.22 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $251.57 million for the quarter, compared to analysts' expectations 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 was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CCCS shares. Morgan Stanley reduced their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays reduced their price objective on shares of 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. Finally, Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.19.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 5,846 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Crescenzo Neil E. De purchased 100,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $8.54 per share, for a total transaction of $854,000.00. Following the transaction, the director now directly owns 213,429 shares in the company, valued at $1,822,683.66. This represents a 88.16% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 60,067,379 shares of company stock valued at $545,395,616 in the last three months. 6.03% of the stock is currently owned by company 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.