62,852 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 2nd quarter, HoldingsChannel reports. The firm bought 62,852 shares of the company’s stock, valued at approximately $698,000.

A number of other large investors also recently made changes to their positions in CCCS. CWM LLC increased its stake in shares of CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after acquiring an additional 2,419 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in CCC Intelligent Solutions by 200.1% in the 2nd 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. Teachers Retirement System of The State of Kentucky raised its stake in shares of CCC Intelligent Solutions by 57.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 106,991 shares of the company’s stock worth $1,280,000 after purchasing an additional 39,055 shares in the last quarter. Comerica Bank lifted its holdings in shares of CCC Intelligent Solutions by 103.1% during the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock valued at $9,260,000 after buying an additional 392,966 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of CCC Intelligent Solutions by 10.2% in the 1st quarter. Tidal Investments LLC now owns 18,626 shares of the company’s stock valued at $223,000 after buying an additional 1,727 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Eileen Schloss sold 99,925 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the transaction, the director now directly owns 54,047 shares in the company, valued at approximately $534,524.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Eileen Schloss sold 99,925 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the transaction, the director now directly owns 54,047 shares in the company, valued at approximately $534,524.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Jo Prigge sold 38,816 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $10.25, for a total transaction of $397,864.00. Following the transaction, the insider now owns 97,268 shares of the company’s stock, valued at $996,997. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,886,581 shares of company stock valued at $772,766,077. 6.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Jefferies Financial Group cut their target price 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.63.

CCC Intelligent Solutions Stock Down 0.9 %

CCCS stock opened at $10.42 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.53. The company has a 50-day moving average of $11.01 and a two-hundred day moving average of $11.32. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of -49.62 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results 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. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The firm had revenue of $232.60 million for the quarter, compared to analyst estimates of $230.16 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.15 EPS for the current year.

CCC Intelligent Solutions 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.