Wealth Alliance Grows Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Wealth Alliance grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 22.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,795 shares of the company’s stock after purchasing an additional 2,759 shares during the period. Wealth Alliance’s holdings in CCC Intelligent Solutions were worth $169,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of CCC Intelligent Solutions by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company’s stock worth $425,000 after purchasing an additional 4,232 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of CCC Intelligent Solutions by 146.9% during the first quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company’s stock worth $105,095,000 after purchasing an additional 5,663,827 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of CCC Intelligent Solutions during the first quarter worth $3,146,000. Charles Schwab Investment Management Inc. lifted its position in shares of CCC Intelligent Solutions by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 306,511 shares of the company’s stock worth $3,384,000 after purchasing an additional 10,591 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of CCC Intelligent Solutions by 277.6% during the first quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock worth $85,000 after purchasing an additional 5,658 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCCS has been the topic of a number of recent research reports. Barclays boosted their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Evercore ISI upped their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 29th. Citigroup reaffirmed a “buy” rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Finally, Piper Sandler upped their price target on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

CCC Intelligent Solutions Trading Up 0.2 %

CCC Intelligent Solutions stock opened at $11.44 on Friday. The firm’s 50-day moving average is $11.74 and its 200-day moving average is $11.54. 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 1 year low of $8.42 and a 1 year high of $13.41. The company has a market cap of $6.92 billion, a P/E ratio of -54.48 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $228.60 million during the quarter, compared to the consensus estimate of $222.80 million. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.18 earnings per share for the current year.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 4,606 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total value of $54,719.28. Following the sale, the chief accounting officer now directly owns 14,154 shares in the company, valued at approximately $168,149.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Rodney Christo sold 4,606 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total value of $54,719.28. Following the sale, the chief accounting officer now directly owns 14,154 shares in the company, valued at approximately $168,149.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauren Young sold 41,165,139 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the completion of the sale, the director now owns 5,164,022 shares in the company, valued at $58,508,369.26. The disclosure for this sale can be found here. Insiders have sold a total of 59,648,839 shares of company stock worth $681,118,139 in the last ninety days. 6.47% of the stock is owned by insiders.

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.