CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Advent International L.P.

Advent International L.P. reduced its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,753,649 shares of the company’s stock after selling 69,875,000 shares during the period. CCC Intelligent Solutions accounts for approximately 43.6% of Advent International L.P.’s holdings, making the stock its biggest position. Advent International L.P. owned approximately 47.42% of CCC Intelligent Solutions worth $3,254,734,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of CCC Intelligent Solutions by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,765,795 shares of the company’s stock valued at $237,173,000 after acquiring an additional 1,188,369 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of CCC Intelligent Solutions by 128.7% in the 4th quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock valued at $118,870,000 after acquiring an additional 5,873,823 shares in the last quarter. Invesco Ltd. increased its stake in CCC Intelligent Solutions by 19.2% in the 3rd 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 during the period. Riverbridge Partners LLC increased its stake in shares of CCC Intelligent Solutions by 41.6% during the 4th quarter. Riverbridge Partners LLC now owns 6,836,239 shares of the company’s stock worth $77,865,000 after purchasing an additional 2,009,175 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of CCC Intelligent Solutions by 31.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,451,668 shares of the company’s stock worth $73,484,000 after purchasing an additional 1,528,766 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Down 0.8 %

Shares of NYSE:CCCS traded down $0.09 during trading on Wednesday, hitting $11.57. 4,686,670 shares of the company’s stock were exchanged, compared to its average volume of 3,540,733. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $10.32 and a 1-year high of $13.41. The firm has a 50-day moving average price of $11.36 and a two-hundred day moving average price of $11.41. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.43. The firm has a market cap of $7.19 billion, a P/E ratio of 97.00, a PEG ratio of 5.59 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. The business had revenue of $227.24 million for the quarter, compared to analyst estimates of $225.21 million. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Marc Fredman sold 239,990 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.84, for a total transaction of $2,841,481.60. Following the transaction, the senior vice president now owns 212,542 shares of the company’s stock, valued at approximately $2,516,497.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,606 shares of CCC Intelligent Solutions stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 14,154 shares of the company’s stock, valued at $168,149.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marc Fredman sold 239,990 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.84, for a total transaction of $2,841,481.60. Following the completion of the transaction, the senior vice president now directly owns 212,542 shares in the company, valued at approximately $2,516,497.28. The disclosure for this sale can be found here. Insiders have sold 61,128,274 shares of company stock valued at $702,377,159 in the last 90 days. 6.67% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Evercore ISI raised their price objective on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Barclays raised their price objective on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Finally, Piper Sandler raised their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, CCC Intelligent Solutions has an average rating of “Moderate Buy” and a consensus target price of $13.63.

CCC Intelligent Solutions Company Profile

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.