CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives $13.56 Average PT from Analysts

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.56.

A number of analysts have commented on CCCS shares. Barclays reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Bank of America started coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price for the company. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Finally, Jefferies Financial Group reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

Insider Buying and Selling

In related news, insider Githesh Ramamurthy sold 8,805 shares of CCC Intelligent Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.50, for a total value of $101,257.50. Following the completion of the sale, the insider now owns 4,798,040 shares of the company’s stock, valued at $55,177,460. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 8,805 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.50, for a total transaction of $101,257.50. Following the completion of the sale, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael John Silva sold 29,022 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the sale, the insider now directly owns 30,172 shares of the company’s stock, valued at $324,349. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,175 shares of company stock valued at $520,746 over the last 90 days. Company insiders own 6.67% of the company’s stock.

Institutional Trading of CCC Intelligent Solutions

Several hedge funds have recently bought and sold shares of the stock. Marco Investment Management LLC purchased a new position in shares of CCC Intelligent Solutions in the third quarter valued at about $113,000. Westfield Capital Management Co. LP lifted its position in shares of CCC Intelligent Solutions by 4.3% in the third quarter. Westfield Capital Management Co. LP now owns 4,299,865 shares of the company’s stock valued at $47,514,000 after acquiring an additional 176,251 shares in the last quarter. Cerity Partners LLC lifted its position in shares of CCC Intelligent Solutions by 16.3% in the third quarter. Cerity Partners LLC now owns 243,118 shares of the company’s stock valued at $2,686,000 after acquiring an additional 34,092 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of CCC Intelligent Solutions by 20.9% in the third quarter. Raymond James Trust N.A. now owns 30,309 shares of the company’s stock valued at $335,000 after acquiring an additional 5,231 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of CCC Intelligent Solutions by 63.7% in the third quarter. Eagle Asset Management Inc. now owns 671,968 shares of the company’s stock valued at $7,667,000 after acquiring an additional 261,376 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Up 0.7 %

Shares of NYSE:CCCS opened at $11.50 on Friday. The stock has a fifty day simple moving average of $10.87 and a two-hundred day simple moving average of $10.98. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 571.00, a PEG ratio of 6.55 and a beta of 0.63. CCC Intelligent Solutions has a 12-month low of $9.79 and a 12-month high of $12.68. 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 (NYSE:CCCS) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. On average, research analysts anticipate that CCC Intelligent Solutions will post 0.16 earnings per share for the current fiscal year.

About CCC Intelligent Solutions

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.