Sei Investments Co. Has $41.16 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Sei Investments Co. increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 96.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,704,964 shares of the company’s stock after buying an additional 1,817,431 shares during the period. Sei Investments Co. owned 0.60% of CCC Intelligent Solutions worth $41,162,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CCCS. Banque Cantonale Vaudoise lifted its holdings in CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares during the last quarter. American International Group Inc. lifted its position in CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the last quarter. CWM LLC lifted its position in CCC Intelligent Solutions by 352.6% during the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after acquiring an additional 2,419 shares during the last quarter. Twin Tree Management LP bought a new stake in CCC Intelligent Solutions during the first quarter valued at about $53,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at about $119,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Down 0.3 %

Shares of CCC Intelligent Solutions stock opened at $10.95 on Tuesday. The firm has a market capitalization of $6.81 billion, a PE ratio of -52.14, a price-to-earnings-growth ratio of 6.16 and a beta of 0.62. The company’s fifty day moving average price is $10.70 and its two-hundred day moving average price is $11.20. 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 debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.79.

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

Insider Buying and Selling

In other news, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Githesh Ramamurthy sold 55,488 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $11.58, for a total value of $642,551.04. Following the completion of the transaction, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,851,267.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The disclosure for this sale can be found here. Insiders sold a total of 25,268,070 shares of company stock worth $285,265,043 over the last three months. 6.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America initiated coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 target price for the company. 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. Finally, Jefferies Financial Group cut their target price 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average target price of $13.75.

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.