UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 182,352 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,157,937 shares of the company's stock after selling 182,352 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of CCC Intelligent Solutions worth $13,583,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. KBC Group NV grew its position in CCC Intelligent Solutions by 55.9% during the fourth quarter. KBC Group NV now owns 16,075 shares of the company's stock worth $189,000 after buying an additional 5,761 shares in the last quarter. Norris Perne & French LLP MI lifted its stake in CCC Intelligent Solutions by 11.0% during the fourth quarter. Norris Perne & French LLP MI now owns 378,769 shares of the company's stock worth $4,443,000 after purchasing an additional 37,402 shares during the period. Chicago Partners Investment Group LLC lifted its stake in CCC Intelligent Solutions by 21.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 17,686 shares of the company's stock worth $203,000 after purchasing an additional 3,090 shares during the period. Berry Wealth Group LP lifted its stake in CCC Intelligent Solutions by 5.8% during the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company's stock worth $237,000 after purchasing an additional 1,109 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in CCC Intelligent Solutions by 29.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock worth $143,822,000 after purchasing an additional 2,752,950 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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 target price 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. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and cut their target price for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. 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 for the company in a research note on Wednesday, May 7th. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.19.

CCC Intelligent Solutions Trading Up 0.1%

Shares of CCCS stock traded up $0.01 on Monday, hitting $8.79. The stock had a trading volume of 5,916,965 shares, compared to its average volume of 4,978,042. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The firm has a market cap of $5.79 billion, a P/E ratio of 439.47 and a beta of 0.76. 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 fifty day moving average price of $8.86 and a two-hundred day moving average price of $10.34.

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

Insiders Place Their Bets

In other news, Director Crescenzo Neil E. De bought 100,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $8.54 per share, with a total value of $854,000.00. Following the acquisition, the director now owns 213,429 shares in the company, valued at $1,822,683.66. This trade represents a 88.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen Schloss sold 27,478 shares of the firm'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 transaction, the director now directly owns 26,569 shares in the company, valued at $228,493.40. This represents a 50.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,067,379 shares of company stock valued at $545,395,616 in the last three months. 6.03% of the stock is currently owned by corporate insiders.

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.