Jefferies Financial Group Inc. Invests $58.08 Million in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Jefferies Financial Group Inc. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,951,387 shares of the company's stock, valued at approximately $58,080,000. CCC Intelligent Solutions accounts for approximately 0.3% of Jefferies Financial Group Inc.'s holdings, making the stock its 22nd biggest position. Jefferies Financial Group Inc. owned about 0.75% of CCC Intelligent Solutions as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth about $25,000. UMB Bank n.a. bought a new stake in CCC Intelligent Solutions during the fourth quarter worth about $28,000. TD Private Client Wealth LLC purchased a new stake in CCC Intelligent Solutions in the fourth quarter worth about $31,000. Quarry LP bought a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC lifted its holdings in shares of CCC Intelligent Solutions by 286.9% during the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock valued at $39,000 after purchasing an additional 2,479 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, Director Eric Wei sold 42,000,000 shares of CCC Intelligent Solutions stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. This trade represents a 94.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the company's stock in a transaction on Monday, March 3rd. The stock was 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. Insiders sold a total of 42,087,456 shares of company stock worth $434,240,401 in the last three months. 6.03% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Stock Up 0.7 %

CCCS opened at $9.00 on Friday. 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 quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $8.97 and a 200-day moving average price of $10.57. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 450.23 and a beta of 0.76.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share 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 for the quarter, compared to analysts' expectations of $249.87 million. During the same period in the prior year, the firm earned $0.09 EPS. The company's revenue was up 10.7% compared to the same quarter last year. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley cut their price target on 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. Barclays reduced their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Barrington Research reiterated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday. Piper Sandler reduced their price objective 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. Finally, The Goldman Sachs Group dropped 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

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