CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 70.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,076 shares of the company's stock after buying an additional 135,837 shares during the period. Truist Financial Corp owned approximately 0.05% of CCC Intelligent Solutions worth $3,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Riverbridge Partners LLC lifted its position in CCC Intelligent Solutions by 41.6% during the fourth quarter. Riverbridge Partners LLC now owns 6,836,239 shares of the company's stock valued at $77,865,000 after purchasing an additional 2,009,175 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in CCC Intelligent Solutions by 31.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,451,668 shares of the company's stock valued at $73,484,000 after buying an additional 1,528,766 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in CCC Intelligent Solutions in the third quarter valued at $17,040,000. Invesco Ltd. increased its holdings in CCC Intelligent Solutions by 19.2% in the third quarter. Invesco Ltd. now owns 7,822,986 shares of the company's stock valued at $104,437,000 after buying an additional 1,260,457 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in CCC Intelligent Solutions by 7.2% in the third quarter. Vanguard Group Inc. now owns 17,765,795 shares of the company's stock valued at $237,173,000 after buying an additional 1,188,369 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Down 0.5 %

Shares of CCC Intelligent Solutions stock traded down $0.05 on Tuesday, reaching $10.86. 1,987,562 shares of the company were exchanged, compared to its average volume of 3,183,511. The company has a market cap of $6.67 billion, a P/E ratio of -52.24 and a beta of 0.63. The stock's 50 day moving average price is $11.70 and its 200-day moving average price is $11.41. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.81 and a 1-year high of $13.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. The company had revenue of $228.60 million for the quarter, compared to analyst estimates of $222.80 million. As a group, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CCCS. Barclays boosted 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. Piper Sandler boosted their target price on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Evercore ISI boosted their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Finally, Citigroup reiterated a "buy" rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, CCC Intelligent Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $13.63.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 4,606 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total transaction of $54,719.28. Following the completion of the sale, the chief accounting officer now owns 14,154 shares in the company, valued at $168,149.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Marc Fredman sold 324,952 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 212,542 shares of the company's stock, valued at $2,582,385.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Rodney Christo sold 4,606 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total value of $54,719.28. Following the completion of the sale, the chief accounting officer now directly owns 14,154 shares in the company, valued at approximately $168,149.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,706,755 shares of company stock worth $681,785,331. 6.67% of the stock is owned by 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.