Investment House LLC Has $7.40 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Investment House LLC boosted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 42.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786,825 shares of the company’s stock after purchasing an additional 235,105 shares during the period. Investment House LLC owned about 0.12% of CCC Intelligent Solutions worth $7,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CCC Intelligent Solutions during the second quarter worth $25,000. Park Place Capital Corp boosted its holdings in shares of CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after acquiring an additional 1,228 shares in the last quarter. AlphaQuest LLC bought a new stake in CCC Intelligent Solutions during the 1st quarter worth $47,000. SVB Wealth LLC acquired a new position in CCC Intelligent Solutions in the 1st quarter worth about $60,000. Finally, First Horizon Advisors Inc. increased its holdings in CCC Intelligent Solutions by 134.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock worth $60,000 after purchasing an additional 3,679 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Transactions at CCC Intelligent Solutions

In related news, insider John Page Goodson sold 150,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $9.59, for a total value of $1,438,500.00. Following the transaction, the insider owned 157,478 shares in the company, valued at $1,510,214.02. The trade was a 48.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.03% of the stock is currently owned by insiders.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $7.20 on Thursday. The stock has a market capitalization of $4.69 billion, a PE ratio of 360.18 and a beta of 0.72. The business’s 50 day simple moving average is $8.20 and its 200 day simple moving average is $9.04. 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 one year low of $8.14 and a one year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $267.12 million for the quarter, compared to the consensus estimate of $265.01 million. During the same quarter in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCCS. Piper Sandler cut their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Stifel Nicolaus decreased their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Barclays cut their price target on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.38.

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.