London Co. of Virginia Buys Shares of 3,346,325 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

London Co. of Virginia acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,346,325 shares of the company's stock, valued at approximately $39,252,000. London Co. of Virginia owned about 0.51% of CCC Intelligent Solutions as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at about $25,000. UMB Bank n.a. purchased a new stake in CCC Intelligent Solutions in the 4th quarter valued at about $28,000. TD Private Client Wealth LLC acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at about $31,000. Quarry LP purchased a new position in CCC Intelligent Solutions during the fourth quarter worth about $36,000. Finally, GAMMA Investing LLC increased its position 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 acquiring an additional 2,479 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCCS shares. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Morgan Stanley decreased their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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. Finally, Piper Sandler cut their price target 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $12.19.

Insider Activity at CCC Intelligent Solutions

In other news, Director Eileen Schloss sold 27,478 shares of the business'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 value of $236,310.80. Following the transaction, the director now owns 26,569 shares of the company's stock, valued at approximately $228,493.40. The trade was a 50.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction 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 90 days. 6.03% of the stock is owned by insiders.

CCC Intelligent Solutions Stock Down 0.6%

Shares of NYSE CCCS traded down $0.05 during midday trading on Thursday, hitting $8.98. 7,019,479 shares of the company's stock were exchanged, compared to its average volume of 4,893,444. The firm's fifty day simple moving average is $8.95 and its 200-day simple moving average is $10.54. The company has a market cap of $5.92 billion, a PE ratio of 449.22 and a beta of 0.76. 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 current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results 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 net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $251.57 million during the quarter, compared to analysts' expectations of $249.87 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

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.