AGF Management Ltd. Purchases Shares of 243,856 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

AGF Management Ltd. bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 243,856 shares of the company's stock, valued at approximately $2,778,000.

Other institutional investors have also modified their holdings of the company. Park Place Capital Corp increased its stake in CCC Intelligent Solutions by 65.9% during the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company's stock valued at $48,000 after purchasing an additional 1,659 shares during the last quarter. Covestor Ltd lifted its holdings in 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 acquiring an additional 6,113 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at approximately $99,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of CCC Intelligent Solutions during the third quarter valued at approximately $143,000. Finally, Cerity Partners LLC acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $149,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Analysts Set New Price Targets

CCCS has been the subject of a number of recent research reports. Barrington Research restated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Evercore ISI lifted their price objective on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Piper Sandler upped 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 report on Friday, March 1st. Barclays lifted their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, February 29th. Finally, Citigroup reissued a "buy" rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Three equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $13.63.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Brian Herb sold 23,521 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $11.81, for a total value of $277,783.01. Following the transaction, the insider now owns 288,076 shares of the company's stock, valued at $3,402,177.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CCC Intelligent Solutions news, insider Brian Herb sold 23,521 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $11.81, for a total transaction of $277,783.01. Following the completion of the sale, the insider now directly owns 288,076 shares of the company's stock, valued at $3,402,177.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the senior vice president now directly owns 212,542 shares in the company, valued at $2,582,385.30. The disclosure for this sale can be found here. In the last three months, insiders sold 59,706,755 shares of company stock valued at $681,785,331. 6.67% of the stock is owned by insiders.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS traded up $0.17 during mid-day trading on Wednesday, reaching $10.78. 2,507,860 shares of the company traded hands, compared to its average volume of 3,112,662. The firm has a market cap of $6.63 billion, a PE ratio of 88.08 and a beta of 0.63. 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 Holdings Inc. has a fifty-two week low of $9.26 and a fifty-two week high of $13.41. The stock has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $11.38.

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 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 firm had revenue of $228.60 million during the quarter, compared to the consensus estimate of $222.80 million. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

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.