Alaska Permanent Fund Corp Acquires 276,252 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Alaska Permanent Fund Corp increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 67.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 683,445 shares of the company's stock after purchasing an additional 276,252 shares during the period. Alaska Permanent Fund Corp owned 0.11% of CCC Intelligent Solutions worth $7,784,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CCCS. Fort Washington Investment Advisors Inc. OH boosted its stake in CCC Intelligent Solutions by 6.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,225,063 shares of the company's stock valued at $25,343,000 after acquiring an additional 127,738 shares during the period. Riverbridge Partners LLC boosted its position in shares of CCC Intelligent Solutions by 41.6% during the fourth quarter. Riverbridge Partners LLC now owns 6,836,239 shares of the company's stock worth $77,865,000 after buying an additional 2,009,175 shares during the period. Invesco Ltd. boosted its position in shares of CCC Intelligent Solutions by 19.2% during the third quarter. Invesco Ltd. now owns 7,822,986 shares of the company's stock worth $104,437,000 after buying an additional 1,260,457 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of CCC Intelligent Solutions during the third quarter worth approximately $8,694,000. Finally, Gotham Asset Management LLC boosted its position in shares of CCC Intelligent Solutions by 16.4% during the third quarter. Gotham Asset Management LLC now owns 85,976 shares of the company's stock worth $1,148,000 after buying an additional 12,112 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS traded down $0.03 during trading on Thursday, hitting $11.50. The company had a trading volume of 2,023,996 shares, compared to its average volume of 3,202,026. The company has a market cap of $6.95 billion, a P/E ratio of -54.76 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.42 and a 52 week high of $13.41. The business's 50-day moving average is $11.75 and its 200 day moving average is $11.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly 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 negative net margin of 10.67% and a positive return on equity of 5.80%. The company had revenue of $228.60 million during the quarter, compared to the consensus estimate of $222.80 million. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Lauren Young sold 41,165,139 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the sale, the director now directly owns 5,164,022 shares of the company's stock, valued at approximately $58,508,369.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Brian Herb sold 23,521 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $11.81, for a total transaction of $277,783.01. Following the transaction, the insider now directly owns 288,076 shares in the company, valued at approximately $3,402,177.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren Young sold 41,165,139 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the transaction, the director now owns 5,164,022 shares in the company, valued at $58,508,369.26. The disclosure for this sale can be found here. Insiders have sold a total of 59,706,755 shares of company stock valued at $681,785,331 in the last three months. 6.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CCCS has been the subject of several analyst reports. Piper Sandler boosted their price objective on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Barclays boosted their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Thursday, February 29th. Evercore ISI boosted their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an "outperform" rating in a report on Wednesday, March 13th. Finally, Citigroup reissued a "buy" rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. 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, CCC Intelligent Solutions has an average rating of "Moderate Buy" and a consensus target price of $13.63.

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.