Captrust Financial Advisors Has $758,000 Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Captrust Financial Advisors lessened its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 71.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,609 shares of the company’s stock after selling 168,634 shares during the period. Captrust Financial Advisors’ holdings in CCC Intelligent Solutions were worth $758,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dragoneer Investment Group LLC lifted its position in shares of CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after purchasing an additional 3,809,200 shares in the last quarter. Adero Partners LLC grew its holdings in CCC Intelligent Solutions by 118.5% during the third quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after purchasing an additional 3,135,650 shares during the last quarter. Element Capital Management LLC acquired a new position in CCC Intelligent Solutions in the 2nd quarter valued at $7,941,000. Teca Partners LP increased its stake in shares of CCC Intelligent Solutions by 21.8% in the second quarter. Teca Partners LP now owns 2,361,183 shares of the company’s stock worth $26,233,000 after purchasing an additional 422,768 shares during the period. Finally, Torray Investment Partners LLC acquired a new position in shares of CCC Intelligent Solutions during the 2nd quarter worth about $1,229,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Up 0.3 %

CCCS stock opened at $12.47 on Wednesday. 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 firm has a market cap of $7.80 billion, a P/E ratio of 623.50, a P/E/G ratio of 6.98 and a beta of 0.70. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.88. The business’s 50 day moving average is $11.51 and its 200-day moving average is $11.17.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Equities analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 8,805 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 in the company, valued at approximately $55,177,460. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mary Jo Prigge sold 97,511 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $12.01, for a total transaction of $1,171,107.11. Following the transaction, the insider now owns 97,268 shares in the company, valued at $1,168,188.68. The trade was a 50.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 443,153 shares of company stock valued at $5,390,863. Corporate insiders own 6.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CCCS shares. JPMorgan Chase & Co. raised their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Barclays decreased their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $14.00 to $15.00 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.89.

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.