Victory Capital Management Inc. Boosts Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Victory Capital Management Inc. grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,720 shares of the company’s stock after buying an additional 2,626 shares during the quarter. Victory Capital Management Inc.’s holdings in CCC Intelligent Solutions were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American International Group Inc. raised its position in CCC Intelligent Solutions by 68.6% during the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares in the last quarter. Amalgamated Bank grew its stake in shares of CCC Intelligent Solutions by 5.8% during the third quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock worth $262,000 after acquiring an additional 1,299 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in CCC Intelligent Solutions by 2.1% during the 2nd 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. Parkside Financial Bank & Trust increased its position in shares of CCC Intelligent Solutions by 15.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after acquiring an additional 1,564 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of CCC Intelligent Solutions by 10.2% in the first quarter. Tidal Investments LLC now owns 18,626 shares of the company’s stock valued at $223,000 after purchasing an additional 1,727 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 0.1 %

CCCS opened at $12.61 on Friday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 630.50, a price-to-earnings-growth ratio of 7.02 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.83. The business’s 50 day moving average is $11.21 and its two-hundred day moving average is $11.08. 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 announced its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insider Activity at CCC Intelligent Solutions

In other news, insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the sale, the insider now directly owns 97,268 shares in the company, valued at approximately $1,167,216. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rodney Christo sold 9,916 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $12.67, for a total transaction of $125,635.72. 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 90 days. Company insiders own 6.67% of the company’s stock.

Analysts Set New Price Targets

CCCS has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective 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. Barclays reduced their price objective on shares of 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. Bank of America began coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Finally, Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.78.

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.