US Bancorp DE Sells 2,137 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

US Bancorp DE lowered its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,985 shares of the company’s stock after selling 2,137 shares during the quarter. US Bancorp DE’s holdings in CCC Intelligent Solutions were worth $431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCCS. American International Group Inc. grew its stake in 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 in the last quarter. CWM LLC boosted its position in shares of CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after purchasing an additional 2,419 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of CCC Intelligent Solutions during the first quarter valued at about $53,000. Quarry LP increased its holdings in shares of CCC Intelligent Solutions by 304.0% during the second quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after acquiring an additional 8,442 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of CCC Intelligent Solutions by 15.2% during the second 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 in the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Up 0.1 %

Shares of NYSE:CCCS opened at $11.42 on Tuesday. The business has a 50-day moving average price of $10.87 and a 200 day moving average price of $10.98. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 571.00, a PEG ratio of 6.55 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.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data 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. The firm had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Barrington Research reaffirmed 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 decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Bank of America began coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, 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 report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $13.56.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the transaction, the insider now directly owns 30,172 shares of the company’s stock, valued at $324,349. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.67% of the stock is currently owned by corporate insiders.

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.