Amalgamated Bank Purchases 4,596 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Amalgamated Bank increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 25.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,423 shares of the company’s stock after purchasing an additional 4,596 shares during the period. Amalgamated Bank’s holdings in CCC Intelligent Solutions were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bradley Foster & Sargent Inc. CT boosted its holdings in CCC Intelligent Solutions by 2.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after purchasing an additional 1,390 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in CCC Intelligent Solutions by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,632,968 shares of the company’s stock worth $51,482,000 after acquiring an additional 1,831,135 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of CCC Intelligent Solutions in the second quarter worth about $70,844,000. Element Capital Management LLC acquired a new position in shares of CCC Intelligent Solutions during the second quarter worth approximately $7,941,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of CCC Intelligent Solutions by 19.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,792,309 shares of the company’s stock valued at $19,913,000 after purchasing an additional 287,270 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock opened at $11.05 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.87 billion, a P/E ratio of -52.62, a PEG ratio of 6.35 and a beta of 0.62. The business has a 50-day moving average of $10.68 and a 200-day moving average of $11.16. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $13.35.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. On average, equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CCCS. Jefferies Financial Group decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Finally, 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 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

Insider Activity

In other news, insider Brian Herb sold 20,887 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now owns 217,872 shares of the company’s stock, valued at $2,231,009.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Herb sold 20,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $213,882.88. Following the sale, the insider now directly owns 217,872 shares in the company, valued at $2,231,009.28. The disclosure for this sale can be found here. Insiders have sold 238,787 shares of company stock worth $2,418,609 in the last 90 days. Corporate insiders own 6.67% 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.