CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 248.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 556,556 shares of the company's stock after purchasing an additional 396,928 shares during the period. Raymond James & Associates owned 0.09% of CCC Intelligent Solutions worth $6,339,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in CCC Intelligent Solutions by 146.9% during the first quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company's stock valued at $105,095,000 after purchasing an additional 5,663,827 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of CCC Intelligent Solutions by 306.4% in the 3rd quarter. Brown Advisory Inc. now owns 4,562,530 shares of the company's stock valued at $60,910,000 after buying an additional 3,439,776 shares in the last quarter. Capital World Investors purchased a new position in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $23,681,000. State Street Corp raised its stake in shares of CCC Intelligent Solutions by 398.9% during the 2nd quarter. State Street Corp now owns 1,701,564 shares of the company's stock worth $15,654,000 after acquiring an additional 1,360,498 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in shares of CCC Intelligent Solutions during the 3rd quarter worth approximately $17,040,000. Institutional investors own 95.79% of the company's stock.

Insider Activity

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $12.50, for a total value of $375,000.00. Following the sale, the chief accounting officer now owns 14,154 shares in the company, valued at approximately $176,925. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Rodney Christo sold 30,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.50, for a total transaction of $375,000.00. Following the sale, the chief accounting officer now directly owns 14,154 shares of the company's stock, valued at approximately $176,925. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $11.81, for a total value of $277,783.01. Following the completion of the transaction, the insider now owns 288,076 shares of the company's stock, valued at approximately $3,402,177.56. The disclosure for this sale can be found here. Insiders sold a total of 42,999,642 shares of company stock valued at $488,320,438 in the last quarter. 6.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CCCS shares. Evercore ISI lifted their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an "outperform" rating in a report on Wednesday, March 13th. Morgan Stanley initiated coverage on CCC Intelligent Solutions in a report on Tuesday, December 12th. They issued an "equal weight" rating and a $13.00 price target for the company. Citigroup restated a "buy" rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Barclays lifted their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. Finally, Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.63.

CCC Intelligent Solutions Stock Performance

CCCS traded up $0.11 during trading on Tuesday, reaching $11.89. 2,966,750 shares of the company's stock were exchanged, compared to its average volume of 3,276,295. The company's fifty day simple moving average is $11.65 and its 200-day simple moving average is $11.57. The stock has a market capitalization of $7.19 billion, a P/E ratio of -56.62 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 2.29. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.42 and a 1 year high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. The business had revenue of $228.60 million for the quarter, compared to analysts' expectations of $222.80 million. As a group, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share 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.