Schonfeld Strategic Advisors LLC Has $890,000 Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Schonfeld Strategic Advisors LLC reduced its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,900 shares of the company’s stock after selling 2,134 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in CCC Intelligent Solutions were worth $890,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CCCS. Baker Tilly Wealth Management LLC raised its stake in shares of CCC Intelligent Solutions by 6.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $169,000 after buying an additional 888 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in CCC Intelligent Solutions by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 19,046 shares of the company’s stock valued at $223,000 after purchasing an additional 1,054 shares in the last quarter. Berry Wealth Group LP raised its holdings in shares of CCC Intelligent Solutions by 5.8% in the 4th quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock worth $237,000 after buying an additional 1,109 shares in the last quarter. Arizona State Retirement System lifted its position in shares of CCC Intelligent Solutions by 1.0% during the 4th quarter. Arizona State Retirement System now owns 117,507 shares of the company’s stock worth $1,378,000 after buying an additional 1,150 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in CCC Intelligent Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 198,807 shares of the company’s stock valued at $2,332,000 after buying an additional 1,250 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CCCS shares. Barclays reduced their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Morgan Stanley cut their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Piper Sandler cut their price target on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.19.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock opened at $8.94 on Friday. The firm’s 50 day moving average price is $8.99 and its two-hundred day moving average price is $10.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The stock has a market cap of $5.89 billion, a PE ratio of 446.97 and a beta of 0.76.

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

Insider Activity

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.98, for a total value of $305,813.90. Following the sale, the director now directly owns 54,047 shares in the company, valued at approximately $485,342.06. This trade represents a 38.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total transaction of $53,490.90. The disclosure for this sale can be found here. Insiders sold a total of 42,087,456 shares of company stock valued at $434,240,401 in the last ninety days. 6.03% of the stock is owned by insiders.

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.