CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 13.6% during the third quarter, HoldingsChannel reports. The firm owned 77,427 shares of the company’s stock after purchasing an additional 9,287 shares during the quarter. Atria Investments Inc’s holdings in CCC Intelligent Solutions were worth $856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American International Group Inc. lifted its holdings in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after buying an additional 1,135 shares in the last quarter. CWM LLC lifted its stake in shares of CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after acquiring an additional 2,419 shares in the last quarter. Quarry LP boosted its holdings in CCC Intelligent Solutions by 304.0% in the second quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after purchasing an additional 8,442 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in CCC Intelligent Solutions by 15.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in CCC Intelligent Solutions during the 1st quarter worth approximately $142,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total transaction of $29,868.00. Following the sale, the insider now owns 97,268 shares of the company’s stock, valued at $1,167,216. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 124,664 shares of company stock worth $1,435,614 in the last ninety days. 6.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CCCS has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Jefferies Financial Group decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.78.

CCC Intelligent Solutions Stock Down 1.4 %

NYSE:CCCS opened at $11.61 on Tuesday. The firm has a market capitalization of $7.26 billion, a PE ratio of 580.79, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week 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. The stock has a 50 day moving average of $10.98 and a 200-day moving average of $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million during the quarter, compared to the consensus estimate 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 revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

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.