Stifel Financial Corp Has $2.69 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Stifel Financial Corp raised its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 41.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,212 shares of the company's stock after purchasing an additional 67,136 shares during the period. Stifel Financial Corp's holdings in CCC Intelligent Solutions were worth $2,689,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in CCC Intelligent Solutions during the fourth quarter valued at approximately $25,000. UMB Bank n.a. bought a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at $28,000. TD Private Client Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions in the 4th quarter valued at $31,000. GAMMA Investing LLC boosted its holdings in CCC Intelligent Solutions by 286.9% in the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock worth $39,000 after purchasing an additional 2,479 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in CCC Intelligent Solutions during the fourth quarter worth $54,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

Shares of NYSE CCCS traded up $0.66 during mid-day trading on Wednesday, hitting $8.96. The company had a trading volume of 10,282,667 shares, compared to its average volume of 4,787,695. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88. The firm has a market cap of $5.90 billion, a P/E ratio of 447.97 and a beta of 0.76. The business's 50-day simple moving average is $9.03 and its 200-day simple moving average is $10.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCCS. The Goldman Sachs Group decreased their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Morgan Stanley reduced their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Piper Sandler lowered their target price on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average target price of $12.19.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $8.98, for a total transaction of $305,813.90. Following the completion of the transaction, the director now owns 54,047 shares in the company, valued at $485,342.06. This trade represents a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Rodney Christo sold 20,077 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Insiders have sold 42,087,456 shares of company stock worth $434,240,401 over the last 90 days. Corporate insiders own 6.03% of the company's stock.

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.