Lazard Asset Management LLC cut its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC – Free Report) by 85.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 43,308 shares of the company’s stock after selling 257,562 shares during the period. Lazard Asset Management LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after purchasing an additional 1,189,466 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after buying an additional 1,814,248 shares during the period. WCM Investment Management LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $4,978,000. Hsbc Holdings PLC grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% during the 1st quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock valued at $12,181,000 after buying an additional 1,812,674 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 7,790.5% during the 1st 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. Institutional investors and hedge funds own 95.79% of the company’s stock.
CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 6.5%
Shares of NASDAQ:CCC opened at $6.92 on Friday. The stock has a 50 day moving average of $5.42. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 86.51 and a beta of 0.50. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $10.14.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on CCC. Weiss Ratings reissued a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Citigroup increased their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Monday. Finally, Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.12.
Read Our Latest Stock Report on CCC
CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile
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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