CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) is Adero Partners LLC's 7th Largest Position

Adero Partners LLC raised its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 118.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,780,925 shares of the company's stock after acquiring an additional 3,135,650 shares during the quarter. CCC Intelligent Solutions makes up approximately 4.2% of Adero Partners LLC's holdings, making the stock its 7th largest position. Adero Partners LLC owned 0.92% of CCC Intelligent Solutions worth $63,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ghisallo Capital Management LLC bought a new position in shares of CCC Intelligent Solutions in the second quarter worth approximately $132,917,000. Akre Capital Management LLC purchased a new stake in CCC Intelligent Solutions during the 1st quarter valued at $83,720,000. Principal Financial Group Inc. increased its holdings in shares of CCC Intelligent Solutions by 37.8% in the 2nd quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company's stock worth $280,530,000 after purchasing an additional 6,921,161 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of CCC Intelligent Solutions in the second quarter worth $70,844,000. Finally, Van Berkom & Associates Inc. bought a new position in shares of CCC Intelligent Solutions during the second quarter valued at $61,605,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CCCS shares. Barrington Research reiterated an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $14.00 to $15.00 in a report on Wednesday. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a "buy" rating and a $15.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group dropped their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.78.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 8,805 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.50, for a total transaction of $101,257.50. Following the transaction, the insider now directly owns 4,798,040 shares of the company's stock, valued at $55,177,460. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the sale, the insider now owns 97,268 shares in the company, valued at approximately $1,167,216. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,664 shares of company stock valued at $550,614 over the last 90 days. Insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Stock Down 0.6 %

CCCS stock traded down $0.07 during trading on Friday, hitting $11.77. 4,814,266 shares of the company's stock traded hands, compared to its average volume of 2,974,385. The business has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $11.00. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.36 billion, a P/E ratio of 588.79, a PEG ratio of 6.76 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $9.79 and a 1 year high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 5.35% and a net margin of 5.02%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. Sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 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.