CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 27.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,206,588 shares of the company's stock after acquiring an additional 262,991 shares during the quarter. New York State Common Retirement Fund owned 0.20% of CCC Intelligent Solutions worth $13,743,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Park Place Capital Corp boosted its holdings in CCC Intelligent Solutions by 65.9% in the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company's stock worth $48,000 after acquiring an additional 1,659 shares in the last quarter. Covestor Ltd raised its stake in shares of CCC Intelligent Solutions by 781.7% in the third quarter. Covestor Ltd now owns 6,895 shares of the company's stock worth $92,000 after purchasing an additional 6,113 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of CCC Intelligent Solutions in the third quarter worth $143,000. Clear Street Markets LLC purchased a new position in shares of CCC Intelligent Solutions in the third quarter worth $160,000. Finally, Wealth Alliance raised its stake in shares of CCC Intelligent Solutions by 9.4% in the third quarter. Wealth Alliance now owns 12,036 shares of the company's stock worth $161,000 after purchasing an additional 1,033 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCCS. Citigroup restated a "buy" rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Piper Sandler boosted their price target on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Barrington Research reiterated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Evercore ISI upped their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Finally, Barclays upped their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.63.

CCC Intelligent Solutions Stock Performance

CCCS traded down $0.24 during midday trading on Tuesday, reaching $11.22. The company had a trading volume of 3,055,417 shares, compared to its average volume of 3,176,048. The business has a 50-day moving average of $11.75 and a two-hundred day moving average of $11.47. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.42 and a 1 year high of $13.41. The company has a market cap of $6.78 billion, a P/E ratio of -54.57 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 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 company had revenue of $228.60 million during the quarter, compared to the consensus estimate of $222.80 million. As a group, equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In related news, SVP Marc Fredman sold 324,952 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.15, for a total transaction of $3,948,166.80. Following the sale, the senior vice president now owns 212,542 shares of the company's stock, valued at approximately $2,582,385.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lauren Young sold 41,165,139 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the sale, the director now owns 5,164,022 shares of the company's stock, valued at approximately $58,508,369.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marc Fredman sold 324,952 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $12.15, for a total value of $3,948,166.80. Following the sale, the senior vice president now directly owns 212,542 shares in the company, valued at approximately $2,582,385.30. The disclosure for this sale can be found here. Insiders have sold 59,706,755 shares of company stock valued at $681,785,331 over the last quarter. 6.67% of the stock is currently owned by company insiders.

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.