Atria Investments Inc Boosts Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Atria Investments Inc grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 13.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,427 shares of the company’s stock after purchasing an additional 9,287 shares during the period. Atria Investments Inc’s holdings in CCC Intelligent Solutions were worth $856,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCCS. Ghisallo Capital Management LLC purchased a new position in CCC Intelligent Solutions in the second quarter worth $132,917,000. Akre Capital Management LLC acquired a new stake in shares of CCC Intelligent Solutions in the first quarter valued at about $83,720,000. Principal Financial Group Inc. boosted its holdings in CCC Intelligent Solutions by 37.8% during the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock worth $280,530,000 after buying an additional 6,921,161 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in CCC Intelligent Solutions during the second quarter worth about $70,844,000. Finally, Van Berkom & Associates Inc. purchased a new position in CCC Intelligent Solutions in the second quarter valued at about $61,605,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total transaction of $885,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Githesh Ramamurthy sold 8,805 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.50, for a total transaction of $101,257.50. Following the completion of the sale, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,664 shares of company stock valued at $1,435,614 over the last quarter. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS opened at $11.61 on Tuesday. The company has a market cap of $7.26 billion, a P/E ratio of 580.79, a P/E/G ratio of 6.76 and a beta of 0.63. The business has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $11.00. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.68. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America initiated coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Jefferies Financial Group lowered their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

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.