CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 95.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,255 shares of the company’s stock after acquiring an additional 9,866 shares during the period. Hsbc Holdings PLC’s holdings in CCC Intelligent Solutions were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in CCC Intelligent Solutions by 144,359.9% in the 1st quarter. Principal Financial Group Inc. now owns 18,329,069 shares of the company’s stock valued at $219,216,000 after purchasing an additional 18,316,381 shares during the last quarter. Akre Capital Management LLC acquired a new stake in shares of CCC Intelligent Solutions in the first quarter valued at $83,720,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of CCC Intelligent Solutions in the 2nd quarter valued at $70,844,000. Vanguard Group Inc. lifted its stake in CCC Intelligent Solutions by 34.0% during the 4th quarter. Vanguard Group Inc. now owns 23,809,077 shares of the company’s stock worth $271,185,000 after acquiring an additional 6,043,282 shares in the last quarter. Finally, Van Berkom & Associates Inc. purchased a new position in CCC Intelligent Solutions during the 2nd quarter valued at about $61,605,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Down 0.1 %

Shares of NYSE:CCCS opened at $10.62 on Friday. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $13.01. The company’s 50 day moving average is $10.66 and its two-hundred day moving average is $11.14. The company has a market cap of $6.60 billion, a PE ratio of -50.71, a P/E/G ratio of 6.35 and a beta of 0.62. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $232.60 million for the quarter, compared to analyst estimates of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. CCC Intelligent Solutions’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target on the stock. Jefferies Financial Group reduced their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.75.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Brian Herb sold 20,887 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the sale, the insider now directly owns 217,872 shares of the company’s stock, valued at $2,231,009.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $42,772.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 238,787 shares of company stock valued at $2,418,609. Corporate insiders own 6.67% 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.