Raymond James Trust N.A. Purchases Shares of 16,113 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Raymond James Trust N.A. purchased a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,113 shares of the company’s stock, valued at approximately $184,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toroso Investments LLC lifted its holdings in shares of CCC Intelligent Solutions by 6.1% during the third quarter. Toroso Investments LLC now owns 15,768 shares of the company’s stock worth $211,000 after purchasing an additional 905 shares during the period. Tower Research Capital LLC TRC lifted its holdings in CCC Intelligent Solutions by 21.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock valued at $61,000 after acquiring an additional 968 shares during the period. Federated Hermes Inc. lifted its holdings in CCC Intelligent Solutions by 1.6% in the third quarter. Federated Hermes Inc. now owns 65,231 shares of the company’s stock valued at $871,000 after acquiring an additional 997 shares during the period. Wealth Alliance lifted its holdings in CCC Intelligent Solutions by 9.4% in the third quarter. Wealth Alliance now owns 12,036 shares of the company’s stock valued at $161,000 after acquiring an additional 1,033 shares during the period. Finally, Legal & General Group Plc lifted its holdings in CCC Intelligent Solutions by 0.9% in the fourth quarter. Legal & General Group Plc now owns 128,331 shares of the company’s stock valued at $1,116,000 after acquiring an additional 1,158 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, SVP Marc Fredman sold 324,952 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $12.15, for a total transaction of $3,948,166.80. Following the transaction, the senior vice president now owns 212,542 shares of the company’s stock, valued at $2,582,385.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CCC Intelligent Solutions news, insider Brian Herb sold 23,521 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $11.81, for a total transaction of $277,783.01. Following the transaction, the insider now owns 288,076 shares of the company’s stock, valued at $3,402,177.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marc Fredman sold 324,952 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $12.15, for a total value of $3,948,166.80. Following the completion of the transaction, the senior vice president now directly owns 212,542 shares in the company, valued at approximately $2,582,385.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,900,634 shares of company stock valued at $717,485,141. Insiders own 6.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CCCS shares. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Evercore ISI boosted their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Morgan Stanley assumed coverage on CCC Intelligent Solutions in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $13.00 price objective for the company. Barclays boosted their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Finally, Citigroup restated a “buy” rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.63.

CCC Intelligent Solutions Stock Down 0.3 %

Shares of CCCS opened at $11.90 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.36 and a one year high of $13.41. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of -56.67 and a beta of 0.61. The stock has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.55.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. The firm had revenue of $228.60 million for the quarter, compared to analysts’ expectations of $222.80 million. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current fiscal year.

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.