Victory Capital Management Inc. Buys 20,695 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Victory Capital Management Inc. raised its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 70.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,094 shares of the company’s stock after buying an additional 20,695 shares during the quarter. Victory Capital Management Inc.’s holdings in CCC Intelligent Solutions were worth $557,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its stake in CCC Intelligent Solutions by 128.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock valued at $30,000 after buying an additional 1,424 shares in the last quarter. American International Group Inc. lifted its stake in CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares in the last quarter. CWM LLC lifted its stake in CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares in the last quarter. Twin Tree Management LP bought a new position in CCC Intelligent Solutions in the first quarter valued at approximately $53,000. Finally, Coldstream Capital Management Inc. bought a new position in CCC Intelligent Solutions in the fourth quarter valued at approximately $119,000. Institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Githesh Ramamurthy sold 24,541 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total transaction of $282,221.50. Following the completion of the transaction, the insider now owns 6,463,840 shares in the company, valued at $74,334,160. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,292,611 shares of company stock valued at $285,547,265. 6.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on CCCS shares. Jefferies Financial Group cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Barrington Research reissued an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Finally, Bank of America started coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $13.75.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $10.98 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $10.71 and its two-hundred day moving average price is $11.22. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $13.41. The firm has a market capitalization of $6.83 billion, a P/E ratio of -52.29, a price-to-earnings-growth ratio of 6.16 and a beta of 0.62.

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