Pembroke Management LTD Cuts Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Pembroke Management LTD trimmed its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,117,263 shares of the company’s stock after selling 14,694 shares during the period. Pembroke Management LTD’s holdings in CCC Intelligent Solutions were worth $12,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CCCS. Vanguard Group Inc. increased its holdings in CCC Intelligent Solutions by 17.7% in the 1st 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 last quarter. Principal Financial Group Inc. grew its position in shares of CCC Intelligent Solutions by 37.8% during the second quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock valued at $280,530,000 after purchasing an additional 6,921,161 shares in the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after purchasing an additional 3,809,200 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of CCC Intelligent Solutions by 7.4% in the first quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock worth $149,133,000 after buying an additional 857,110 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in CCC Intelligent Solutions during the second quarter valued at approximately $132,917,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Up 0.6 %

NYSE CCCS opened at $10.47 on Friday. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.68. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 69.40, a PEG ratio of 5.97 and a beta of 0.63. The company has a quick ratio of 2.79, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $10.83 and a two-hundred day moving average of $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Jefferies Financial Group cut their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Barclays lowered their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, Bank of America began coverage on shares of CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.56.

Insider Activity

In related news, insider Michael John Silva sold 29,022 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the sale, the insider now directly owns 30,172 shares of the company’s stock, valued at approximately $324,349. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Mary Jo Prigge sold 38,816 shares of CCC Intelligent Solutions stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $10.25, for a total transaction of $397,864.00. Following the completion of the sale, the insider now owns 97,268 shares of the company’s stock, valued at approximately $996,997. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael John Silva sold 29,022 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the transaction, the insider now directly owns 30,172 shares in the company, valued at approximately $324,349. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,323 shares of company stock valued at $2,157,354. 6.67% of the stock is currently owned by insiders.

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.