London Co. of Virginia Purchases 223,325 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

London Co. of Virginia lifted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,367,157 shares of the company’s stock after acquiring an additional 223,325 shares during the period. London Co. of Virginia owned approximately 0.52% of CCC Intelligent Solutions worth $31,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCCS. Norges Bank acquired a new stake in CCC Intelligent Solutions during the second quarter worth approximately $59,755,000. Artisan Partners Limited Partnership lifted its stake in CCC Intelligent Solutions by 23.9% in the second quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company’s stock valued at $292,233,000 after buying an additional 5,991,997 shares during the period. Duquesne Family Office LLC bought a new position in shares of CCC Intelligent Solutions during the 1st quarter worth approximately $50,523,000. Alfreton Capital LLP grew its position in shares of CCC Intelligent Solutions by 381.0% during the 2nd quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock worth $65,870,000 after buying an additional 5,544,792 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of CCC Intelligent Solutions by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company’s stock valued at $510,114,000 after acquiring an additional 5,103,835 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CCC Intelligent Solutions

In related news, insider John Page Goodson sold 150,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total value of $1,438,500.00. Following the completion of the sale, the insider directly owned 157,478 shares of the company’s stock, valued at approximately $1,510,214.02. This represents a 48.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Stock Performance

CCCS opened at $7.22 on Friday. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The firm has a market capitalization of $4.70 billion, a PE ratio of 361.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company’s 50-day moving average is $8.12 and its 200 day moving average is $9.02.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CCCS shares. Stifel Nicolaus cut their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research note on Thursday, October 30th. Piper Sandler dropped 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. Finally, Barclays cut their price target on 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Hold” and a consensus price target of $11.38.

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.