WCM Investment Management LLC Invests $4.98 Million in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

WCM Investment Management LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCCFree Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 853,796 shares of the company’s stock, valued at approximately $4,978,000.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock valued at $66,254,000 after purchasing an additional 695,892 shares during the period. KBC Group NV grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 56.2% during the 1st quarter. KBC Group NV now owns 19,103 shares of the company’s stock worth $115,000 after purchasing an additional 6,872 shares during the period. Kera Capital Partners Inc. purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth $62,000. Allspring Global Investments Holdings LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 11.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,301,112 shares of the company’s stock worth $7,807,000 after purchasing an additional 138,669 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 101.9% during the 1st quarter. Sanctuary Advisors LLC now owns 28,759 shares of the company’s stock worth $173,000 after purchasing an additional 14,517 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $6.26 on Tuesday. The firm’s 50-day moving average price is $4.96. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12 month low of $4.08 and a 12 month high of $10.50. The stock has a market cap of $3.67 billion, a PE ratio of 104.35 and a beta of 0.51. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCCGet Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCC has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $6.00 in a research report on Friday, April 10th. Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.25.

Check Out Our Latest Research Report on CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc. Common Stock Profile

(Free Report)

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.

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Institutional Ownership by Quarter for CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)

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