CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,353,991 shares of the company’s stock after selling 171,482 shares during the quarter. Segall Bryant & Hamill LLC owned 0.22% of CCC Intelligent Solutions worth $14,962,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CCCS. Vanguard Group Inc. raised its stake in CCC Intelligent Solutions by 17.7% during the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after acquiring an additional 4,225,920 shares during the period. Principal Financial Group Inc. raised its position in shares of CCC Intelligent Solutions by 4.9% during the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock worth $292,654,000 after purchasing an additional 1,234,281 shares during the period. Dragoneer Investment Group LLC raised its position in shares of CCC Intelligent Solutions by 31.5% during 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 during the period. Janus Henderson Group PLC lifted its holdings in shares of CCC Intelligent Solutions by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock worth $149,133,000 after purchasing an additional 857,110 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in CCC Intelligent Solutions during the 2nd quarter valued at approximately $132,917,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCCS. Bank of America assumed coverage on shares of 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. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Barclays lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.78.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total value of $885,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Githesh Ramamurthy sold 8,805 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.50, for a total value of $101,257.50. Following the sale, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,642 shares of company stock worth $1,123,628. 6.67% of the stock is owned by company insiders.

CCC Intelligent Solutions Stock Up 2.0 %

CCCS stock opened at $12.02 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market cap of $7.52 billion, a PE ratio of 601.00, a P/E/G ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.68. The firm has a 50 day simple moving average of $11.04 and a 200 day simple moving average of $11.02.

CCC Intelligent Solutions (NYSE:CCCS) last issued its 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. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

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.