Arizona State Retirement System Boosts Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Arizona State Retirement System boosted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,792 shares of the company’s stock after purchasing an additional 1,408 shares during the quarter. Arizona State Retirement System’s holdings in CCC Intelligent Solutions were worth $303,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new stake in CCC Intelligent Solutions during the fourth quarter worth $47,000. Captrust Financial Advisors acquired a new position in shares of CCC Intelligent Solutions in the second quarter worth $53,000. Quantbot Technologies LP raised its holdings in shares of CCC Intelligent Solutions by 252.1% in the first quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock worth $63,000 after acquiring an additional 4,106 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of CCC Intelligent Solutions by 277.6% in the first quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock worth $85,000 after acquiring an additional 5,658 shares during the last quarter. Finally, MGO One Seven LLC acquired a new position in shares of CCC Intelligent Solutions in the fourth quarter worth $88,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCCS shares. JPMorgan Chase & Co. started coverage on CCC Intelligent Solutions in a report on Thursday, April 13th. They issued an “overweight” rating and a $11.00 price target for the company. Piper Sandler boosted their price target on CCC Intelligent Solutions from $9.80 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, March 2nd. Finally, Barrington Research reissued an “outperform” rating and issued a $15.00 price target on shares of CCC Intelligent Solutions in a report on Friday, March 3rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.63.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock opened at $9.92 on Tuesday. The firm has a market capitalization of $6.23 billion, a P/E ratio of 248.06 and a beta of 0.75. The stock has a fifty day moving average price of $8.94 and a 200 day moving average price of $8.94. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.19 and a 52 week high of $10.19. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.37.

CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $204.11 million during the quarter, compared to analyst estimates of $201.45 million. CCC Intelligent Solutions had a return on equity of 8.62% and a net margin of 3.57%. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current year.

About CCC Intelligent Solutions

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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.