Eagle Asset Management Inc. Purchases 261,376 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Eagle Asset Management Inc. raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 63.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,968 shares of the company's stock after purchasing an additional 261,376 shares during the period. Eagle Asset Management Inc. owned 0.11% of CCC Intelligent Solutions worth $7,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCCS. American International Group Inc. increased its stake in shares of CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company's stock worth $33,000 after acquiring an additional 1,135 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company's stock valued at $32,000 after purchasing an additional 1,729 shares during the last quarter. CWM LLC boosted its position in shares of CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company's stock worth $34,000 after purchasing an additional 2,419 shares in the last quarter. Huntington National Bank grew its stake in shares of CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company's stock worth $65,000 after buying an additional 1,599 shares during the last quarter. Finally, KBC Group NV increased its position in CCC Intelligent Solutions by 81.7% during the 3rd quarter. KBC Group NV now owns 10,314 shares of the company's stock valued at $114,000 after buying an additional 4,637 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

CCCS has been the topic of a number of recent research reports. Barclays cut their target price on 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. Jefferies Financial Group reduced their price objective 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. Morgan Stanley upgraded shares of 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 note on Wednesday, November 13th. 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. Finally, Bank of America started coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a "buy" rating and a $15.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.78.

Insider Buying and Selling

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 9,348 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 4,798,040 shares of the company's stock, valued at $55,177,460. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 75,000 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $12.01, for a total transaction of $900,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,153 shares of company stock valued at $3,195,485. 6.67% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Stock Performance

NYSE CCCS traded up $0.27 during trading hours on Monday, hitting $12.74. 3,690,789 shares of the company's stock traded hands, compared to its average volume of 3,428,857. The business's fifty day moving average price is $11.10 and its two-hundred day moving average price is $11.04. The firm has a market capitalization of $7.97 billion, a P/E ratio of 83.13, a P/E/G ratio of 6.87 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 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.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $238.48 million for the quarter, compared to analysts' expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 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.