Gotham Asset Management LLC Buys 61,432 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Gotham Asset Management LLC raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 769,930 shares of the company’s stock after purchasing an additional 61,432 shares during the period. Gotham Asset Management LLC owned 0.12% of CCC Intelligent Solutions worth $9,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at approximately $25,000. UMB Bank n.a. bought a new position in shares of CCC Intelligent Solutions in the fourth quarter worth approximately $28,000. TD Private Client Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter worth $31,000. Quarry LP purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter worth $36,000. Finally, GAMMA Investing LLC raised its position in shares of CCC Intelligent Solutions by 286.9% during the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock valued at $39,000 after purchasing an additional 2,479 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $9.09 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. The business has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $10.56. The stock has a market capitalization of $5.99 billion, a PE ratio of 454.73 and a beta of 0.76.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. During the same period last year, the firm posted $0.09 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eileen Schloss sold 27,478 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total transaction of $236,310.80. Following the sale, the director now owns 26,569 shares in the company, valued at approximately $228,493.40. This represents a 50.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Insiders sold 42,087,456 shares of company stock valued at $434,240,401 in the last three months. Corporate insiders own 6.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CCCS. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley dropped their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Piper Sandler dropped their price target on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Barclays reduced their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.19.

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.