Janus Henderson Group PLC Has $149.13 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Janus Henderson Group PLC increased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,469,424 shares of the company’s stock after buying an additional 857,110 shares during the quarter. Janus Henderson Group PLC’s holdings in CCC Intelligent Solutions were worth $149,133,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CCCS. Banque Cantonale Vaudoise grew its stake in CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after buying an additional 1,424 shares during the last quarter. American International Group Inc. boosted its holdings in shares of CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares in the last quarter. Park Place Capital Corp grew its position in CCC Intelligent Solutions by 65.9% during the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after acquiring an additional 1,659 shares during the last quarter. Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions during the 1st quarter valued at $53,000. Finally, Parkside Financial Bank & Trust bought a new position in CCC Intelligent Solutions in the 4th quarter valued at $99,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insiders Place Their Bets

In related news, insider Githesh Ramamurthy sold 55,488 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $11.58, for a total value of $642,551.04. Following the completion of the sale, the insider now owns 6,463,840 shares in the company, valued at approximately $74,851,267.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CCC Intelligent Solutions news, Director International L.P. Advent sold 41,622,992 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $11.43, for a total transaction of $475,750,798.56. Following the sale, the director now directly owns 3,812,112 shares in the company, valued at approximately $43,572,440.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Githesh Ramamurthy sold 55,488 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $11.58, for a total transaction of $642,551.04. Following the completion of the transaction, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,851,267.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,777,216 shares of company stock worth $771,814,055. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Trading Down 3.5 %

NYSE:CCCS traded down $0.39 during mid-day trading on Wednesday, hitting $10.64. The company had a trading volume of 4,234,978 shares, compared to its average volume of 3,689,848. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.53 and a current ratio of 2.53. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $13.41. The firm has a market cap of $6.61 billion, a P/E ratio of -50.71 and a beta of 0.62. The business’s fifty day moving average is $11.35 and its two-hundred day moving average is $11.39.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $232.60 million for the quarter, compared to the consensus estimate of $230.16 million. CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. CCC Intelligent Solutions’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.56.

CCC Intelligent Solutions 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.