Charles Schwab Investment Management Inc. Has $42.12 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Charles Schwab Investment Management Inc. increased its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,811,792 shares of the company's stock after purchasing an additional 801,320 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of CCC Intelligent Solutions worth $42,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dragoneer Investment Group LLC boosted its position in shares of CCC Intelligent Solutions by 31.5% during the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company's stock worth $176,704,000 after buying an additional 3,809,200 shares during the period. Adero Partners LLC grew its stake 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 worth $63,879,000 after purchasing an additional 3,135,650 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of CCC Intelligent Solutions by 200.1% during the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company's stock valued at $2,261,000 after purchasing an additional 135,710 shares during the period. Element Capital Management LLC bought a new stake in shares of CCC Intelligent Solutions during the second quarter valued at about $7,941,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in CCC Intelligent Solutions by 63.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 169,261 shares of the company's stock worth $2,025,000 after purchasing an additional 65,743 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 9,916 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $12.67, for a total value of $125,635.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Githesh Ramamurthy sold 9,348 shares of the 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 of the company's stock, valued at approximately $55,177,460. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 443,153 shares of company stock worth $5,390,863. Insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Stock Up 0.4 %

NYSE CCCS traded up $0.05 during trading on Monday, reaching $12.65. 2,727,093 shares of the company's stock were exchanged, compared to its average volume of 3,404,763. The firm has a market capitalization of $7.91 billion, a PE ratio of 629.00, a P/E/G ratio of 6.94 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 $12.83. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company's fifty day simple moving average is $11.28 and its 200-day simple moving average is $11.11.

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 (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 firm had revenue of $238.48 million during the quarter, compared to analysts' expectations of $237.41 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on CCCS. JPMorgan Chase & Co. lowered their target price 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 on the stock in a research note on Tuesday, October 29th. Morgan Stanley upgraded CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Bank of America began coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a "buy" rating and a $15.00 price target on the stock. Finally, Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.