Strategic Wealth Partners Ltd. Acquires 36,551 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Strategic Wealth Partners Ltd. boosted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 59.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,503 shares of the company's stock after acquiring an additional 36,551 shares during the period. Strategic Wealth Partners Ltd.'s holdings in CCC Intelligent Solutions were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CCCS. Park Avenue Securities LLC grew its stake in CCC Intelligent Solutions by 193.0% during the fourth quarter. Park Avenue Securities LLC now owns 83,335 shares of the company's stock valued at $978,000 after acquiring an additional 54,894 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in CCC Intelligent Solutions during the fourth quarter valued at approximately $54,000. UMB Bank n.a. purchased a new position in CCC Intelligent Solutions in the 4th quarter worth approximately $28,000. AMI Asset Management Corp grew its stake in CCC Intelligent Solutions by 2.4% in the 4th quarter. AMI Asset Management Corp now owns 92,484 shares of the company's stock worth $1,085,000 after buying an additional 2,174 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in CCC Intelligent Solutions by 6.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,853,183 shares of the company's stock worth $21,738,000 after buying an additional 108,510 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insider Activity at CCC Intelligent Solutions

In related news, Director Eric Wei sold 42,000,000 shares of the company's stock in a transaction on 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 sale, the director now directly owns 2,258,343 shares in the company, valued at $23,306,099.76. This represents a 94.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Timothy A. Welsh purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $9.03 per share, with a total value of $903,000.00. Following the completion of the acquisition, the insider now directly owns 168,472 shares in the company, valued at $1,521,302.16. The trade was a 146.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 42,087,456 shares of company stock worth $434,240,401 in the last three months. 6.03% of the stock is owned by insiders.

CCC Intelligent Solutions Trading Down 3.8%

Shares of CCC Intelligent Solutions stock traded down $0.33 during trading on Friday, reaching $8.47. The company's stock had a trading volume of 8,634,940 shares, compared to its average volume of 5,015,621. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 423.71 and a beta of 0.76. The firm's 50-day moving average is $8.91 and its two-hundred day moving average is $10.45. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CCCS shares. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group cut their price target 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. Piper Sandler cut their price target on shares of 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. Morgan Stanley cut their price target 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. Finally, Barclays cut their price target 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

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.