Strategic Wealth Partners Ltd. Has $1.08 Million Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Strategic Wealth Partners Ltd. raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 59.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,503 shares of the company’s stock after purchasing an additional 36,551 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in CCC Intelligent Solutions were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. acquired a new position in shares of CCC Intelligent Solutions in the 4th quarter worth approximately $28,000. Conestoga Capital Advisors LLC boosted its holdings in shares of CCC Intelligent Solutions by 29.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company’s stock worth $143,822,000 after acquiring an additional 2,752,950 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in CCC Intelligent Solutions during the 4th quarter worth $1,699,000. Wells Fargo & Company MN lifted its holdings in CCC Intelligent Solutions by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 903,510 shares of the company’s stock worth $10,598,000 after buying an additional 26,694 shares in the last quarter. Finally, KBC Group NV lifted its holdings in CCC Intelligent Solutions by 55.9% during the 4th quarter. KBC Group NV now owns 16,075 shares of the company’s stock worth $189,000 after buying an additional 5,761 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Morgan Stanley reduced their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Barclays reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Piper Sandler reduced their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.19.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $9.12 on Monday. The stock has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $10.51. The stock has a market cap of $6.01 billion, a PE ratio of 456.23 and a beta of 0.76. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $251.57 million during the quarter, compared to analysts’ expectations of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eric Wei sold 42,000,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.32, for a total value of $433,440,000.00. Following the completion of the transaction, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. This trade represents a 94.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy A. Welsh acquired 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $9.03 per share, with a total value of $903,000.00. Following the acquisition, the insider now directly owns 168,472 shares in the company, valued at $1,521,302.16. This represents a 146.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 42,087,456 shares of company stock worth $434,240,401. Corporate insiders own 6.03% of the company’s stock.

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.