Tpg Gp A LLC Has $47.94 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

TPG GP A LLC grew its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,087,220 shares of the company's stock after purchasing an additional 602,959 shares during the period. CCC Intelligent Solutions comprises about 0.8% of TPG GP A LLC's holdings, making the stock its 26th biggest holding. TPG GP A LLC owned 0.62% of CCC Intelligent Solutions worth $47,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Park Avenue Securities LLC lifted its stake in CCC Intelligent Solutions by 193.0% in the 4th quarter. Park Avenue Securities LLC now owns 83,335 shares of the company's stock worth $978,000 after acquiring an additional 54,894 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth about $54,000. UMB Bank n.a. purchased a new stake in CCC Intelligent Solutions in the 4th quarter worth about $28,000. AMI Asset Management Corp lifted 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 acquiring an additional 2,174 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted 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 acquiring an additional 108,510 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Timothy A. Welsh acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average price of $9.03 per share, for a total transaction of $903,000.00. Following the completion of the acquisition, the insider now owns 168,472 shares of the company's stock, valued at $1,521,302.16. This trade represents a 146.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Rodney Christo sold 20,077 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Price Performance

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

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on 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. The Goldman Sachs Group lowered their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Piper Sandler lowered their target price on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average price target of $12.19.

About CCC Intelligent Solutions

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.