K.J. Harrison & Partners Inc Invests $274,000 in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

K.J. Harrison & Partners Inc bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,700 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors have also recently added to or reduced their stakes in CCCS. Cerity Partners LLC acquired a new position in shares of CCC Intelligent Solutions during the fourth quarter worth about $149,000. Handelsbanken Fonder AB acquired a new stake in CCC Intelligent Solutions in the fourth quarter valued at approximately $278,000. New York State Common Retirement Fund lifted its position in shares of CCC Intelligent Solutions by 27.9% during the fourth quarter. New York State Common Retirement Fund now owns 1,206,588 shares of the company’s stock worth $13,743,000 after purchasing an additional 262,991 shares in the last quarter. Truist Financial Corp grew its holdings in CCC Intelligent Solutions by 70.3% during the 4th 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. Finally, Victory Capital Management Inc. increased its stake in CCC Intelligent Solutions by 53.3% during the 4th quarter. Victory Capital Management Inc. now owns 26,624 shares of the company’s stock worth $303,000 after buying an additional 9,260 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction that occurred 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 at this link. In other news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 SEC, which is available at this link. Also, Director International L.P. Advent sold 41,622,992 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $11.43, for a total transaction of $475,750,798.56. Following the completion of the sale, the director now owns 3,812,112 shares in the company, valued at $43,572,440.16. The disclosure for this sale can be found here. Insiders have sold a total of 66,915,603 shares of company stock worth $761,298,064 over the last ninety days. 6.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Bank of America started coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Jefferies Financial Group dropped their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and an average target price of $13.78.

CCC Intelligent Solutions Stock Performance

NYSE CCCS traded down $0.08 during trading hours on Wednesday, hitting $10.74. The company had a trading volume of 1,510,149 shares, compared to its average volume of 3,633,643. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $13.41. The firm has a market cap of $6.68 billion, a P/E ratio of -51.52 and a beta of 0.62. The company has a quick ratio of 2.53, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $10.90 and a 200-day simple moving average of $11.31.

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 analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to analyst estimates of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. CCC Intelligent Solutions’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 EPS for the current year.

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.