CCC Intelligent Solutions (NYSE:CCCS) Receives “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of CCC Intelligent Solutions (NYSE:CCCS) in a research report report published on Tuesday, Benzinga reports. The firm currently has a $14.00 price target on the stock.

Several other research analysts have also issued reports on the company. Jefferies Financial Group cut 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 CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target for the company. Finally, Barclays decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.56.

CCC Intelligent Solutions Stock Up 0.6 %

Shares of CCC Intelligent Solutions stock opened at $10.47 on Tuesday. CCC Intelligent Solutions has a one year low of $9.79 and a one year high of $12.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 2.79. The stock’s 50-day moving average is $10.83 and its 200 day moving average is $11.00. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 523.76, a PEG ratio of 6.15 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that CCC Intelligent Solutions will post 0.16 EPS for the current year.

Insider Activity at CCC Intelligent Solutions

In related news, Director Eileen Schloss sold 99,925 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $9.89, for a total transaction of $988,258.25. Following the transaction, the director now owns 54,047 shares in the company, valued at $534,524.83. The trade was 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 related news, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $324,349. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eileen Schloss sold 99,925 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $9.89, for a total value of $988,258.25. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,323 shares of company stock worth $2,157,354 in the last 90 days. Company insiders own 6.67% of the company’s stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently modified their holdings of CCCS. Sei Investments Co. increased its stake in shares of CCC Intelligent Solutions by 15.3% in the 1st quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock worth $22,575,000 after purchasing an additional 250,314 shares in the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of CCC Intelligent Solutions by 31.5% in the second 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 during the last quarter. Comerica Bank increased its holdings in shares of CCC Intelligent Solutions by 103.1% in the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after purchasing an additional 392,966 shares during the last quarter. Swiss National Bank increased its holdings in shares of CCC Intelligent Solutions by 14.5% in the first quarter. Swiss National Bank now owns 475,900 shares of the company’s stock worth $5,692,000 after purchasing an additional 60,400 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of CCC Intelligent Solutions by 200.1% in the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock worth $2,261,000 after purchasing an additional 135,710 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

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.