CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,738 shares of the company’s stock after purchasing an additional 72,106 shares during the quarter. Rhumbline Advisers owned 0.06% of CCC Intelligent Solutions worth $3,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of CCC Intelligent Solutions by 53.3% in the fourth quarter. Victory Capital Management Inc. now owns 26,624 shares of the company’s stock valued at $303,000 after purchasing an additional 9,260 shares in the last quarter. Amalgamated Bank boosted its holdings in CCC Intelligent Solutions by 34.7% in the fourth quarter. Amalgamated Bank now owns 40,799 shares of the company’s stock valued at $465,000 after purchasing an additional 10,513 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in CCC Intelligent Solutions by 25.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,181,338 shares of the company’s stock worth $24,845,000 after purchasing an additional 435,866 shares during the period. Teacher Retirement System of Texas raised its position in CCC Intelligent Solutions by 199.9% in the 4th quarter. Teacher Retirement System of Texas now owns 42,282 shares of the company’s stock valued at $482,000 after purchasing an additional 28,183 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of CCC Intelligent Solutions by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,665,556 shares of the company’s stock valued at $18,972,000 after buying an additional 247,471 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael John Silva sold 29,022 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares in the company, valued at $324,349. The sale was disclosed in a document filed with the SEC, which is available at this link. In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 55,488 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $11.58, for a total transaction of $642,551.04. Following the sale, the insider now directly owns 6,463,840 shares of the company’s stock, valued at approximately $74,851,267.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Silva sold 29,022 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total value of $311,986.50. Following the transaction, the insider now directly owns 30,172 shares in the company, valued at approximately $324,349. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,292,611 shares of company stock worth $285,547,265. 6.67% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Trading Down 0.6 %

NYSE CCCS opened at $10.83 on Tuesday. The stock has a market capitalization of $6.73 billion, a P/E ratio of -51.57, a P/E/G ratio of 6.16 and a beta of 0.62. The firm has a 50-day moving average price of $10.72 and a 200 day moving average price of $11.24. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $13.41. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The business had revenue of $232.60 million during the quarter, compared to the consensus estimate of $230.16 million. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

CCCS has been the subject of a number of recent research reports. Bank of America started coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. Jefferies Financial Group decreased their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.78.

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.