Fort Washington Investment Advisors Inc. OH Grows Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Fort Washington Investment Advisors Inc. OH increased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,248,803 shares of the company’s stock after acquiring an additional 5,140 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CCC Intelligent Solutions were worth $24,984,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC purchased a new position in CCC Intelligent Solutions during the 4th quarter valued at approximately $149,000. Handelsbanken Fonder AB bought a new stake in CCC Intelligent Solutions in the fourth quarter worth $278,000. Truist Financial Corp raised its stake in CCC Intelligent Solutions by 70.3% during the fourth quarter. Truist Financial Corp now owns 329,076 shares of the company’s stock valued at $3,748,000 after purchasing an additional 135,837 shares in the last quarter. Victory Capital Management Inc. lifted its position in CCC Intelligent Solutions by 53.3% during the fourth quarter. Victory Capital Management Inc. now owns 26,624 shares of the company’s stock valued at $303,000 after purchasing an additional 9,260 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of CCC Intelligent Solutions by 20.3% in the 4th quarter. Swiss National Bank now owns 415,500 shares of the company’s stock worth $4,733,000 after buying an additional 70,200 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Githesh Ramamurthy sold 24,541 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $11.50, for a total value of $282,221.50. Following the transaction, the insider now owns 6,463,840 shares of the company’s stock, valued at approximately $74,334,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $10.24, for a total value of $42,772.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Githesh Ramamurthy sold 24,541 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $11.50, for a total value of $282,221.50. Following the transaction, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,334,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,292,611 shares of company stock valued at $285,547,265. 6.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCCS. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Bank of America assumed coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group cut their target price 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.78.

CCC Intelligent Solutions Stock Down 0.8 %

Shares of NYSE:CCCS opened at $10.78 on Friday. The firm has a market capitalization of $6.70 billion, a PE ratio of -51.33 and a beta of 0.62. The business has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $11.30. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $13.41. 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 (NYSE:CCCS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $230.16 million. During the same quarter in the previous year, the business earned $0.02 EPS. CCC Intelligent Solutions’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 EPS for the current year.

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.