CI Investments Inc. boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Free Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,808,853 shares of the company’s stock after buying an additional 462,062 shares during the period. CI Investments Inc.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $22,853,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after purchasing an additional 1,189,466 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock worth $81,091,000 after purchasing an additional 1,814,248 shares in the last quarter. WCM Investment Management LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $4,978,000. Fifth Third Bancorp lifted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 7,790.5% during the first quarter. Fifth Third Bancorp now owns 733,891 shares of the company’s stock valued at $4,403,000 after buying an additional 724,590 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at about $3,254,000. Institutional investors own 95.79% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on CCC. Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Stifel Nicolaus reiterated a “buy” rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.25.
CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance
Shares of CCC opened at $5.73 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price is $5.02. The firm has a market cap of $3.36 billion, a PE ratio of 95.52 and a beta of 0.51. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $10.50.
CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The firm had revenue of $281.27 million during the quarter. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current fiscal year.
About CCC Intelligent Solutions Holdings Inc. Common Stock
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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