Public Employees Retirement System of Ohio Has $1.81 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Public Employees Retirement System of Ohio raised its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,208 shares of the company’s stock after buying an additional 3,800 shares during the period. Public Employees Retirement System of Ohio’s holdings in CCC Intelligent Solutions were worth $1,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of CCC Intelligent Solutions by 153.0% in the third 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 during the last quarter. CWM LLC grew 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 valued at $34,000 after acquiring an additional 2,419 shares during the period. Huntington National Bank increased its stake in shares of CCC Intelligent Solutions by 37.6% during the 3rd 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 last quarter. Marco Investment Management LLC bought a new stake in shares of CCC Intelligent Solutions in the 3rd quarter valued at about $113,000. Finally, KBC Group NV lifted its stake in CCC Intelligent Solutions by 81.7% in the 3rd quarter. KBC Group NV now owns 10,314 shares of the company’s stock valued at $114,000 after purchasing an additional 4,637 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 19,276 shares of CCC Intelligent Solutions stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $12.67, for a total transaction of $244,226.92. Following the transaction, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $1,232,385.56. The trade was a 16.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were 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. Over the last quarter, insiders have sold 443,153 shares of company stock valued at $5,390,863. 6.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on CCCS shares. Piper Sandler restated a “neutral” rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, December 11th. 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. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $13.89.

CCC Intelligent Solutions Stock Down 3.1 %

CCCS stock opened at $11.73 on Thursday. 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 Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.88. The company has a market cap of $7.34 billion, a PE ratio of 586.79, a price-to-earnings-growth ratio of 6.80 and a beta of 0.71. The business has a 50-day simple moving average of $11.68 and a 200 day simple moving average of $11.19.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the previous year, the firm earned $0.03 EPS. CCC Intelligent Solutions’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.