CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stake Raised by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. boosted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 59.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 98,503 shares of the company's stock after buying an additional 36,551 shares during the period. Strategic Wealth Partners Ltd.'s holdings in CCC Intelligent Solutions were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in CCC Intelligent Solutions by 24.6% in the fourth quarter. Royal Bank of Canada now owns 1,745,211 shares of the company's stock valued at $20,471,000 after buying an additional 344,771 shares during the period. Rockbridge Capital Management LLC purchased a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $5,366,000. Quantinno Capital Management LP raised its stake in shares of CCC Intelligent Solutions by 8.8% during the fourth quarter. Quantinno Capital Management LP now owns 19,036 shares of the company's stock valued at $223,000 after purchasing an additional 1,541 shares during the period. Millennium Management LLC raised its stake in shares of CCC Intelligent Solutions by 13,733.4% during the fourth quarter. Millennium Management LLC now owns 2,279,474 shares of the company's stock valued at $26,738,000 after purchasing an additional 2,262,996 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CCC Intelligent Solutions by 12.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 648,264 shares of the company's stock valued at $7,605,000 after purchasing an additional 72,307 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Insiders Place Their Bets

In other news, insider Timothy A. Welsh purchased 100,000 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, May 14th. The stock was bought 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 owns 168,472 shares in the company, valued at $1,521,302.16. The trade was a 146.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the business'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 transaction, the director now directly owns 2,258,343 shares of the company's stock, valued at approximately $23,306,099.76. This trade represents a 94.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,087,456 shares of company stock valued at $434,240,401 over the last 90 days. 6.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCCS. Morgan Stanley dropped their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. Piper Sandler decreased 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 report on Wednesday, May 7th. Barclays decreased 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 report on Monday, April 14th. Finally, The Goldman Sachs Group decreased 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 report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average price target of $12.19.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock traded down $0.33 during mid-day 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 5,019,348. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 423.71 and a beta of 0.76. The business has a 50 day moving average price of $8.91 and a 200-day moving average price of $10.44. 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 twelve month low of $8.14 and a twelve month high of $12.88.

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

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.