Tpg Gp A LLC Raises Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Tpg Gp A LLC increased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,087,220 shares of the company's stock after purchasing an additional 602,959 shares during the quarter. CCC Intelligent Solutions accounts for 0.8% of Tpg Gp A LLC's investment portfolio, making the stock its 26th biggest position. Tpg Gp A LLC owned 0.62% of CCC Intelligent Solutions worth $47,943,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in shares of CCC Intelligent Solutions by 193.0% in 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 during the period. Financial Management Professionals Inc. purchased a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at about $54,000. UMB Bank n.a. purchased a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at about $28,000. AMI Asset Management Corp increased its position in shares of CCC Intelligent Solutions by 2.4% in the fourth quarter. AMI Asset Management Corp now owns 92,484 shares of the company's stock valued at $1,085,000 after acquiring an additional 2,174 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of CCC Intelligent Solutions by 6.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,853,183 shares of the company's stock valued at $21,738,000 after acquiring an additional 108,510 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Up 1.6%

NYSE:CCCS opened at $9.12 on Monday. 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 debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company's 50-day simple moving average is $8.95 and its 200 day simple moving average is $10.51. The firm has a market capitalization of $6.01 billion, a P/E ratio of 456.23 and a beta of 0.76.

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

Insider Transactions at CCC Intelligent Solutions

In other news, Director Eric Wei sold 42,000,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total value of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares in the company, valued at approximately $23,306,099.76. This represents a 94.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eileen Schloss sold 27,478 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total transaction of $236,310.80. Following the completion of the transaction, the director now owns 26,569 shares in the company, valued at approximately $228,493.40. This represents a 50.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,087,456 shares of company stock worth $434,240,401. Corporate insiders own 6.03% of the company's stock.

Wall Street Analysts Forecast Growth

CCCS has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. The Goldman Sachs Group cut their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Barclays cut their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley cut their target price 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $12.19.

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.

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