CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.63.

Several equities research analysts have recently commented on CCCS shares. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Jefferies Financial Group cut their price objective on 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.

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS opened at $10.22 on Wednesday. The stock’s 50-day moving average is $11.25 and its 200 day moving average is $11.38. The company has a market cap of $6.37 billion, a PE ratio of -48.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.53. CCC Intelligent Solutions has a 1 year low of $9.97 and a 1 year high of $13.41.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The firm had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $230.16 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that CCC Intelligent Solutions will post 0.15 EPS for the current year.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 4,177 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Rodney Christo sold 4,177 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $42,772.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian Herb sold 20,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the transaction, the insider now owns 217,872 shares of the company’s stock, valued at approximately $2,231,009.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,802,280 shares of company stock worth $772,070,710. 6.67% of the stock is owned by insiders.

Institutional Investors Weigh In On CCC Intelligent Solutions

A number of hedge funds have recently added to or reduced their stakes in CCCS. Vanguard Group Inc. lifted its holdings in CCC Intelligent Solutions by 17.7% in the first quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock valued at $335,299,000 after acquiring an additional 4,225,920 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of CCC Intelligent Solutions by 37.8% in the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock worth $280,530,000 after buying an additional 6,921,161 shares during the last quarter. Janus Henderson Group PLC grew its position in CCC Intelligent Solutions by 7.4% during the first quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock valued at $149,133,000 after buying an additional 857,110 shares during the period. Brown Advisory Inc. increased its holdings in CCC Intelligent Solutions by 128.7% during the fourth quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock valued at $118,870,000 after buying an additional 5,873,823 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in CCC Intelligent Solutions by 59.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,312,688 shares of the company’s stock worth $123,340,000 after acquiring an additional 3,861,020 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Company 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.