OneDigital Investment Advisors LLC Lowers Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

OneDigital Investment Advisors LLC cut its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,592 shares of the company’s stock after selling 1,914 shares during the period. OneDigital Investment Advisors LLC’s holdings in CCC Intelligent Solutions were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. American International Group Inc. raised its holdings in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after acquiring an additional 1,135 shares during the period. CWM LLC grew its position in shares of CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after purchasing an additional 2,419 shares in the last quarter. Huntington National Bank raised its stake in CCC Intelligent Solutions by 37.6% during the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock valued at $65,000 after purchasing an additional 1,599 shares during the period. KBC Group NV lifted its holdings in CCC Intelligent Solutions by 81.7% in the 3rd quarter. KBC Group NV now owns 10,314 shares of the company’s stock worth $114,000 after purchasing an additional 4,637 shares in the last quarter. Finally, Quarry LP boosted its stake in CCC Intelligent Solutions by 304.0% in the 2nd quarter. Quarry LP now owns 11,219 shares of the company’s stock worth $125,000 after purchasing an additional 8,442 shares during the period. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS opened at $12.47 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock’s fifty day moving average is $11.10 and its 200 day moving average is $11.04. The firm has a market capitalization of $7.80 billion, a PE ratio of 623.81, a PEG ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. On average, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered 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. Bank of America began coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. cut their price objective 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. Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Finally, Barclays cut their price target 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider Mary Jo Prigge sold 2,489 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $1,167,216. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Githesh Ramamurthy sold 9,348 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the transaction, the insider now directly owns 4,798,040 shares in the company, valued at $55,177,460. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 268,153 shares of company stock worth $3,195,485 over the last 90 days. Company insiders own 6.67% of the company’s stock.

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.