MML Investors Services LLC Has $2.11 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

MML Investors Services LLC increased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 585.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,062 shares of the company's stock after acquiring an additional 153,806 shares during the quarter. MML Investors Services LLC's holdings in CCC Intelligent Solutions were worth $2,112,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Baker Tilly Wealth Management LLC lifted its holdings in CCC Intelligent Solutions by 6.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company's stock valued at $169,000 after purchasing an additional 888 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of CCC Intelligent Solutions by 6.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company's stock worth $197,000 after purchasing an additional 960 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of CCC Intelligent Solutions by 5.9% in the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company's stock valued at $223,000 after buying an additional 1,054 shares in the last quarter. Berry Wealth Group LP lifted its position in CCC Intelligent Solutions by 5.8% during the 4th quarter. Berry Wealth Group LP now owns 20,224 shares of the company's stock worth $237,000 after buying an additional 1,109 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in CCC Intelligent Solutions by 1.0% during the 4th quarter. Arizona State Retirement System now owns 117,507 shares of the company's stock worth $1,378,000 after acquiring an additional 1,150 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

Insider Activity

In related news, Director Eileen Schloss sold 34,055 shares of CCC Intelligent Solutions stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $8.98, for a total value of $305,813.90. Following the sale, the director now owns 54,047 shares of the company's stock, valued at approximately $485,342.06. This trade represents a 38.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Wei sold 42,000,000 shares of CCC Intelligent Solutions stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,087,456 shares of company stock valued at $434,240,401 in the last quarter. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Trading Up 0.9 %

NYSE CCCS traded up $0.08 during trading on Friday, reaching $9.26. 4,302,253 shares of the stock traded hands, compared to its average volume of 4,697,550. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week 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 market cap of $6.10 billion, a price-to-earnings ratio of 463.23 and a beta of 0.77. The stock's 50-day moving average price is $9.10 and its 200 day moving average price is $10.66.

Analysts Set New Price Targets

CCCS has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Morgan Stanley decreased their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barrington Research restated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Piper Sandler reiterated a "neutral" rating and issued a $11.00 price objective (down from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Finally, Barclays cut their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.57.

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.