Conestoga Capital Advisors LLC Raises Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Conestoga Capital Advisors LLC increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,508,085 shares of the company’s stock after buying an additional 1,498,200 shares during the quarter. CCC Intelligent Solutions accounts for about 1.4% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 26th largest position. Conestoga Capital Advisors LLC owned approximately 1.53% of CCC Intelligent Solutions worth $105,064,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Sei Investments Co. grew its position in CCC Intelligent Solutions by 15.3% during the 1st quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock worth $22,575,000 after purchasing an additional 250,314 shares during the last quarter. Dragoneer Investment Group LLC raised its stake in CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after acquiring an additional 3,809,200 shares during the last quarter. Comerica Bank increased its holdings in shares of CCC Intelligent Solutions by 103.1% in the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock valued at $9,260,000 after purchasing an additional 392,966 shares during the period. Swiss National Bank boosted its position in CCC Intelligent Solutions by 14.5% in the first quarter. Swiss National Bank now owns 475,900 shares of the company’s stock valued at $5,692,000 after buying an additional 60,400 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of CCC Intelligent Solutions by 200.1% during the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock worth $2,261,000 after purchasing an additional 135,710 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCCS traded down $0.05 on Friday, hitting $10.36. 303,143 shares of the company’s stock were exchanged, compared to its average volume of 3,424,890. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 520.76, a P/E/G ratio of 6.15 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68. The firm has a 50-day moving average price of $10.84 and a 200-day moving average price of $11.01. The company has a current ratio of 3.19, a quick ratio of 2.79 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider John Page Goodson sold 45,560 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $10.08, for a total value of $459,244.80. Following the transaction, the insider now directly owns 87,892 shares in the company, valued at $885,951.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Eileen Schloss sold 99,925 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the transaction, the director now owns 54,047 shares of the company’s stock, valued at approximately $534,524.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Page Goodson sold 45,560 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the transaction, the insider now owns 87,892 shares of the company’s stock, valued at approximately $885,951.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,323 shares of company stock worth $2,157,354 in the last three months. 6.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on CCCS shares. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Tuesday. Barclays dropped their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Bank of America began coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. Jefferies Financial Group dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

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.