205,771 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 205,771 shares of the company's stock, valued at approximately $2,274,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wrapmanager Inc. boosted its holdings in shares of CCC Intelligent Solutions by 44.6% in the third quarter. Wrapmanager Inc. now owns 33,741 shares of the company's stock valued at $373,000 after acquiring an additional 10,405 shares in the last quarter. Lindenwold Advisors INC boosted its holdings in shares of CCC Intelligent Solutions by 21.7% in the third quarter. Lindenwold Advisors INC now owns 13,050 shares of the company's stock valued at $144,000 after acquiring an additional 2,330 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of CCC Intelligent Solutions by 17.6% in the third quarter. Gilbert & Cook Inc. now owns 22,615 shares of the company's stock valued at $250,000 after acquiring an additional 3,387 shares in the last quarter. Swiss National Bank boosted its holdings in shares of CCC Intelligent Solutions by 30.6% in the third quarter. Swiss National Bank now owns 788,900 shares of the company's stock valued at $8,717,000 after acquiring an additional 184,900 shares in the last quarter. Finally, Adero Partners LLC boosted its holdings in shares of CCC Intelligent Solutions by 118.5% in the third quarter. Adero Partners LLC now owns 5,780,925 shares of the company's stock valued at $63,879,000 after acquiring an additional 3,135,650 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 75,000 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total value of $885,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Githesh Ramamurthy sold 9,348 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the transaction, the insider now owns 4,798,040 shares in the company, valued at $55,177,460. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,153 shares of company stock worth $3,195,485. 6.67% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Trading Up 1.1 %

Shares of NYSE:CCCS traded up $0.13 during mid-day trading on Friday, hitting $12.47. The stock had a trading volume of 3,156,623 shares, compared to its average volume of 3,427,704. 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 company has a market cap of $7.80 billion, a PE ratio of 623.81, a P/E/G ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $9.79 and a 12-month high of $12.68. The company's 50 day moving average is $11.10 and its 200-day moving average is $11.04.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on shares of 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 reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Bank of America began coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a "buy" rating and a $15.00 target price for the company. Finally, 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 research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions presently has an average rating of "Moderate Buy" and an average price target of $13.78.

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.