Gotham Asset Management LLC Buys 61,432 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Gotham Asset Management LLC raised its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 769,930 shares of the company's stock after purchasing an additional 61,432 shares during the period. Gotham Asset Management LLC owned 0.12% of CCC Intelligent Solutions worth $9,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $25,000. UMB Bank n.a. acquired a new stake in CCC Intelligent Solutions in the 4th quarter valued at $28,000. TD Private Client Wealth LLC acquired a new stake in CCC Intelligent Solutions in the 4th quarter valued at $31,000. Quarry LP acquired a new position in CCC Intelligent Solutions in the fourth quarter worth $36,000. Finally, GAMMA Investing LLC boosted its stake in CCC Intelligent Solutions by 286.9% in the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock worth $39,000 after purchasing an additional 2,479 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Stock Up 1.6%

NYSE CCCS traded up $0.14 during trading hours on Friday, hitting $9.12. 6,270,856 shares of the company traded hands, compared to its average volume of 4,898,946. The business's 50-day moving average is $8.95 and its 200-day moving average is $10.52. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 456.23 and a beta of 0.76.

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

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 27,478 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the sale, the director now owns 26,569 shares of the company's stock, valued at approximately $228,493.40. This trade represents a 50.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 2,258,343 shares in the company, valued at approximately $23,306,099.76. This represents a 94.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,087,456 shares of company stock worth $434,240,401. Company insiders own 6.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays reduced their price objective on 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. The Goldman Sachs Group dropped their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Barrington Research restated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Finally, Morgan Stanley lowered their price target 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.