Susquehanna Fundamental Investments LLC decreased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 47.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,005,626 shares of the company's stock after selling 907,551 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.17% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $5,189,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wasatch Advisors LP lifted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company's stock worth $169,391,000 after acquiring an additional 5,440,768 shares during the last quarter. Wellington Management Group LLP bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter valued at $17,869,000. London Co. of Virginia raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% during the first quarter. London Co. of Virginia now owns 8,741,590 shares of the company's stock valued at $52,450,000 after purchasing an additional 3,007,687 shares in the last quarter. Alfreton Capital LLP raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the first quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company's stock valued at $64,668,000 after purchasing an additional 1,978,074 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company's stock valued at $81,091,000 after purchasing an additional 1,814,248 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.
CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 0.4%
CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.46 on Tuesday. The stock has a fifty day simple moving average of $6.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $10.14. The company has a market capitalization of $4.39 billion, a P/E ratio of 93.26 and a beta of 0.49.
CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The firm had revenue of $285.93 million for the quarter. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on CCC. Jefferies Financial Group set a $7.00 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Stifel Nicolaus restated a "buy" rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Citigroup upped their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.12.
Read Our Latest Stock Analysis on CCC Intelligent Solutions Holdings Inc. Common Stock
About CCC Intelligent Solutions Holdings Inc. Common Stock
(
Free Report)
CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.
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