Universal Beteiligungs und Servicegesellschaft mbH Takes Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $3.11 million in CCC Intelligent Solutions, acquiring 344,123 shares and now holds about 0.05% of the company's stock.
• CCC Intelligent Solutions recently reported its quarterly earnings, with earnings per share (EPS) of $0.08, matching consensus estimates, and a revenue increase of 10.7% year-over-year, totaling $251.57 million.
• Analyst ratings for CCC Intelligent Solutions show a consensus rating of "Moderate Buy" with a target price of $12.06, despite recent price objective reductions from various investment banks.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 344,123 shares of the company's stock, valued at approximately $3,107,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of CCC Intelligent Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CCCS. Price T Rowe Associates Inc. MD raised its stake in CCC Intelligent Solutions by 4,172.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company's stock valued at $115,394,000 after purchasing an additional 9,607,085 shares during the period. Jefferies Financial Group Inc. bought a new stake in CCC Intelligent Solutions during the 4th quarter valued at approximately $58,080,000. Brown Advisory Inc. increased its stake in CCC Intelligent Solutions by 30.7% in the 1st quarter. Brown Advisory Inc. now owns 18,346,792 shares of the company's stock worth $165,672,000 after acquiring an additional 4,313,296 shares during the last quarter. Norges Bank purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $50,032,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of CCC Intelligent Solutions by 6.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock valued at $807,807,000 after purchasing an additional 4,060,284 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Up 0.6%

Shares of CCC Intelligent Solutions stock traded up $0.06 on Friday, reaching $9.73. The company had a trading volume of 19,333,460 shares, compared to its average volume of 7,495,332. The firm's 50-day moving average price is $9.35 and its two-hundred day moving average price is $9.57. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 486.74 and a beta of 0.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $260.45 million for the quarter, compared to the consensus estimate of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target on the stock. in a research report on Monday, June 23rd. The Goldman Sachs Group reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday. Finally, Morgan Stanley dropped their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of "Hold" and a consensus price target of $12.07.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Timothy A. Welsh acquired 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $9.03 per share, for a total transaction of $903,000.00. Following the purchase, the insider directly owned 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lauren Young sold 30,000,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total value of $272,400,000.00. Following the sale, the director owned 1,562,344 shares of the company's stock, valued at $14,186,083.52. This trade represents a 95.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.