CCC Intelligent Solutions (NYSE:CCCS) Hits New 1-Year High – Should You Buy?

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.72 and last traded at $12.72, with a volume of 607977 shares trading hands. The stock had previously closed at $12.47.

Wall Street Analysts Forecast Growth

CCCS has been the subject of a number of recent research reports. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Barclays reduced their price target 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, October 29th. JPMorgan Chase & Co. lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Finally, Jefferies Financial Group lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.78.

CCC Intelligent Solutions Trading Down 0.1 %

The business has a 50 day moving average of $11.18 and a two-hundred day moving average of $11.07. The firm has a market cap of $7.89 billion, a P/E ratio of 631.32, a PEG ratio of 7.02 and a beta of 0.63. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last posted 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 net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter last year, the company posted $0.03 EPS. CCC Intelligent Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total value of $29,868.00. Following the transaction, the insider now directly owns 97,268 shares in the company, valued at approximately $1,167,216. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Rodney Christo sold 75,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The disclosure for this sale can be found here. Insiders sold a total of 443,153 shares of company stock worth $5,390,863 over the last quarter. Company insiders own 6.67% of the company’s stock.

Institutional Investors Weigh In On CCC Intelligent Solutions

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its holdings in CCC Intelligent Solutions by 153.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after acquiring an additional 1,729 shares in the last quarter. American International Group Inc. increased its position in shares of CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,135 shares during the period. CWM LLC raised its stake in CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after purchasing an additional 2,419 shares in the last quarter. Huntington National Bank lifted its position in CCC Intelligent Solutions by 37.6% during the third quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after purchasing an additional 1,599 shares during the period. Finally, Marco Investment Management LLC acquired a new stake in CCC Intelligent Solutions during the third quarter worth about $113,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Company 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.