CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 23.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,800 shares of the company’s stock after selling 4,770 shares during the period. Central Pacific Bank Trust Division’s holdings in CCC Intelligent Solutions were worth $175,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its holdings in CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after acquiring an additional 1,424 shares during the period. American International Group Inc. grew its holdings in CCC Intelligent Solutions by 68.6% during the first 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 period. CWM LLC grew its holdings in CCC Intelligent Solutions by 352.6% during the second 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 period. Twin Tree Management LP acquired a new position in CCC Intelligent Solutions during the first quarter worth about $53,000. Finally, Quarry LP grew its holdings in CCC Intelligent Solutions by 304.0% during the second quarter. Quarry LP now owns 11,219 shares of the company’s stock worth $125,000 after acquiring an additional 8,442 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Down 0.1 %

Shares of NYSE CCCS opened at $10.62 on Friday. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $13.01. The firm has a market capitalization of $6.60 billion, a PE ratio of -50.57, a PEG ratio of 6.35 and a beta of 0.62. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $10.66 and a two-hundred day moving average price of $11.14.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, topping 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 firm 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 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now directly owns 217,872 shares in the company, valued at $2,231,009.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now directly owns 217,872 shares in the company, valued at $2,231,009.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $9.89, for a total value of $988,258.25. Following the sale, the director now owns 54,047 shares of the company’s stock, valued at approximately $534,524.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 238,787 shares of company stock worth $2,418,609 in the last three months. 6.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CCCS. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Bank of America began coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Jefferies Financial Group decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.75.

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.