30,914 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Bought by Algert Global LLC

Algert Global LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,914 shares of the company’s stock, valued at approximately $343,000.

Other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp bought a new position in CCC Intelligent Solutions in the 2nd quarter valued at approximately $575,000. The Manufacturers Life Insurance Company boosted its holdings in shares of CCC Intelligent Solutions by 35.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,961 shares of the company’s stock valued at $955,000 after acquiring an additional 22,626 shares in the last quarter. Mcmorgan & Co. LLC grew its position in CCC Intelligent Solutions by 10.4% during the 2nd quarter. Mcmorgan & Co. LLC now owns 376,497 shares of the company’s stock worth $4,183,000 after acquiring an additional 35,436 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after purchasing an additional 3,809,200 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in CCC Intelligent Solutions by 1,743.6% in the second quarter. AQR Capital Management LLC now owns 447,922 shares of the company’s stock valued at $4,976,000 after purchasing an additional 423,626 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS opened at $10.78 on Wednesday. The firm has a market capitalization of $6.70 billion, a P/E ratio of -51.33, a P/E/G ratio of 6.35 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $13.01. The company has a fifty day moving average of $10.63 and a 200-day moving average of $11.11. 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 released its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $230.16 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

CCCS has been the topic of several research reports. Jefferies Financial Group reduced their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target for the company. Finally, Barrington Research reissued 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.75.

Insider Activity

In related news, Director Eileen Schloss sold 99,925 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $9.89, for a total value of $988,258.25. Following the transaction, the director now directly owns 54,047 shares in the company, valued at $534,524.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, 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 value of $42,772.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eileen Schloss sold 99,925 shares of the company’s stock in a transaction on Monday, August 5th. The stock was 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 $534,524.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 238,787 shares of company stock worth $2,418,609 over the last quarter. 6.67% of the stock is currently owned by corporate insiders.

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.