CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,206,588 shares of the company’s stock after acquiring an additional 262,991 shares during the period. New York State Common Retirement Fund owned about 0.20% of CCC Intelligent Solutions worth $13,743,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Park Place Capital Corp increased its holdings in CCC Intelligent Solutions by 65.9% in the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after acquiring an additional 1,659 shares in the last quarter. Covestor Ltd grew its position in shares of CCC Intelligent Solutions by 781.7% in the third quarter. Covestor Ltd now owns 6,895 shares of the company’s stock valued at $92,000 after purchasing an additional 6,113 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CCC Intelligent Solutions during the third quarter worth about $143,000. Cerity Partners LLC acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter worth about $149,000. Finally, Clear Street Markets LLC acquired a new position in shares of CCC Intelligent Solutions during the 3rd quarter worth about $160,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Rodney Christo sold 30,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $12.50, for a total value of $375,000.00. Following the transaction, the chief accounting officer now owns 14,154 shares of the company’s stock, valued at approximately $176,925. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CCC Intelligent Solutions news, CAO Rodney Christo sold 30,000 shares of CCC Intelligent Solutions stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.50, for a total transaction of $375,000.00. Following the completion of the sale, the chief accounting officer now directly owns 14,154 shares in the company, valued at $176,925. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Young sold 41,165,139 shares of the business’s stock in a transaction that occurred on 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 directly owns 5,164,022 shares in the company, valued at $58,508,369.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,706,755 shares of company stock worth $681,785,331. Company insiders own 6.67% of the company’s stock.

Analysts Set New Price Targets

CCCS has been the subject of several research reports. Piper Sandler boosted their price objective on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Evercore ISI increased their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Citigroup reaffirmed a “buy” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Barclays increased their target price on shares of 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, Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. 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 an average target price of $13.63.

CCC Intelligent Solutions Trading Down 0.3 %

Shares of CCCS opened at $11.46 on Tuesday. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.42 and a 12-month high of $13.41. The firm has a market capitalization of $6.93 billion, a P/E ratio of -54.57 and a beta of 0.62. The firm has a 50-day moving average price of $11.75 and a 200 day moving average price of $11.47. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43.

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

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.