Signature Wealth Management Group purchased a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 34,055 shares of the company's stock, valued at approximately $313,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CCCS. Psagot Value Holdings Ltd. Israel increased its stake in CCC Intelligent Solutions by 128.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,324 shares of the company's stock valued at $26,000 after purchasing an additional 1,307 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of CCC Intelligent Solutions by 252.1% during the 1st quarter. Quantbot Technologies LP now owns 5,735 shares of the company's stock valued at $63,000 after acquiring an additional 4,106 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of CCC Intelligent Solutions by 277.6% during the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company's stock valued at $85,000 after acquiring an additional 5,658 shares during the last quarter. Bluefin Capital Management LLC purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at about $139,000. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at about $189,000. 96.20% of the stock is currently owned by institutional investors.
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In related news, insider Mary Jo Prigge sold 115,422 shares of the company's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $9.83, for a total value of $1,134,598.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 115,422 shares of the business's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $9.83, for a total value of $1,134,598.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Ingram sold 8,404 shares of the business's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $9.86, for a total transaction of $82,863.44. The disclosure for this sale can be found here. Insiders sold a total of 245,087 shares of company stock valued at $2,379,763 over the last three months. 6.81% of the stock is owned by company insiders.
CCC Intelligent Solutions Price Performance
CCCS traded down $0.23 during trading hours on Thursday, hitting $8.65. The company's stock had a trading volume of 14,289 shares, compared to its average volume of 1,216,744. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.40. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $7.41 and a 12 month high of $13.46. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of -21.80, a P/E/G ratio of 1.54 and a beta of 0.86. The business's 50-day moving average price is $9.56 and its 200-day moving average price is $9.54.CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). The company had revenue of $192.79 million for the quarter, compared to analysts' expectations of $189.80 million. CCC Intelligent Solutions had a negative net margin of 29.61% and a negative return on equity of 0.45%. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.24 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
CCCS has been the topic of a number of research reports. Piper Sandler initiated coverage on shares of CCC Intelligent Solutions in a report on Monday, August 8th. They issued a "neutral" rating and a $11.00 price objective on the stock. William Blair reissued an "outperform" rating on shares of CCC Intelligent Solutions in a report on Friday, August 5th. Bank of America started coverage on shares of CCC Intelligent Solutions in a report on Friday, June 3rd. They set a "buy" rating and a $13.00 price target on the stock. Jefferies Financial Group started coverage on shares of CCC Intelligent Solutions in a report on Friday, July 8th. They set a "buy" rating and a $12.00 price target on the stock. Finally, The Goldman Sachs Group raised shares of CCC Intelligent Solutions from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.83.
About CCC Intelligent Solutions
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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.
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