Bank of America Corp DE Acquires 324,678 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Bank of America Corp DE raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,004,344 shares of the company’s stock after acquiring an additional 324,678 shares during the period. Bank of America Corp DE’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $84,026,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after purchasing an additional 1,189,466 shares in the last quarter. Wasatch Advisors LP raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after purchasing an additional 5,440,768 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after purchasing an additional 1,814,248 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock valued at $66,254,000 after purchasing an additional 695,892 shares during the last quarter. Finally, Alfreton Capital LLP lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the first quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock valued at $64,668,000 after purchasing an additional 1,978,074 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CCC shares. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Jefferies Financial Group set a $7.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, July 31st. Finally, Citigroup increased their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

NASDAQ:CCC opened at $6.92 on Friday. The stock has a 50 day moving average price of $5.42. The company has a market cap of $4.08 billion, a P/E ratio of 86.51 and a beta of 0.50. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $10.14. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The business had revenue of $285.93 million during the quarter. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.