Wrapmanager Inc. Buys 10,405 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Wrapmanager Inc. raised its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSFree Report) by 44.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,741 shares of the company’s stock after buying an additional 10,405 shares during the period. Wrapmanager Inc.’s holdings in CCC Intelligent Solutions were worth $373,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, insider Githesh Ramamurthy sold 8,805 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.50, for a total value of $101,257.50. Following the transaction, the insider now owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Jo Prigge sold 2,489 shares of the firm’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 transaction, the insider now directly owns 97,268 shares of the company’s stock, valued at $1,167,216. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,642 shares of company stock worth $1,123,628 in the last three months. Company insiders own 6.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCCS. Bank of America initiated coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price for the company. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Finally, Barclays lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.78.

Check Out Our Latest Report on CCC Intelligent Solutions

CCC Intelligent Solutions Price Performance

NYSE CCCS opened at $11.78 on Wednesday. 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 business’s fifty day moving average is $11.01 and its 200 day moving average is $11.01. The company has a market capitalization of $7.37 billion, a PE ratio of 589.00, a price-to-earnings-growth 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:CCCSGet Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

About CCC Intelligent Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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