Conestoga Capital Advisors LLC Has $105.06 Million Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Conestoga Capital Advisors LLC raised its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 18.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,508,085 shares of the company's stock after purchasing an additional 1,498,200 shares during the quarter. CCC Intelligent Solutions makes up approximately 1.4% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 26th largest holding. Conestoga Capital Advisors LLC owned approximately 1.53% of CCC Intelligent Solutions worth $105,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of CCC Intelligent Solutions by 15.3% in the first quarter. Sei Investments Co. now owns 1,887,533 shares of the company's stock worth $22,575,000 after acquiring an additional 250,314 shares during the period. Dragoneer Investment Group LLC increased its position in CCC Intelligent Solutions by 31.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company's stock valued at $176,704,000 after buying an additional 3,809,200 shares in the last quarter. Comerica Bank increased its holdings in shares of CCC Intelligent Solutions by 103.1% in the 1st quarter. Comerica Bank now owns 774,261 shares of the company's stock worth $9,260,000 after purchasing an additional 392,966 shares in the last quarter. Swiss National Bank boosted its holdings in CCC Intelligent Solutions by 14.5% in the first quarter. Swiss National Bank now owns 475,900 shares of the company's stock worth $5,692,000 after purchasing an additional 60,400 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of CCC Intelligent Solutions by 200.1% during the 2nd 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 last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CCC Intelligent Solutions

In other news, insider John Page Goodson sold 45,560 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total transaction of $459,244.80. Following the sale, the insider now owns 87,892 shares of the company's stock, valued at $885,951.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mary Jo Prigge sold 38,816 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $10.25, for a total value of $397,864.00. Following the transaction, the insider now owns 97,268 shares of the company's stock, valued at approximately $996,997. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Page Goodson sold 45,560 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total transaction of $459,244.80. Following the transaction, the insider now directly owns 87,892 shares in the company, valued at approximately $885,951.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,323 shares of company stock worth $2,157,354 in the last three months. Insiders own 6.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a "buy" rating and a $15.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday. Jefferies Financial Group dropped their price target 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. Finally, Barclays reduced 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $13.56.

CCC Intelligent Solutions Trading Up 0.6 %

Shares of NYSE CCCS traded up $0.06 during trading on Friday, reaching $10.47. The stock had a trading volume of 2,376,163 shares, compared to its average volume of 3,434,669. The company has a market cap of $6.55 billion, a P/E ratio of 520.76, a PEG ratio of 6.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.79 and a current ratio of 3.19. The business's 50-day moving average price is $10.84 and its 200-day moving average price is $11.01. 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:CCCS - Get Free Report) last announced 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 business 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 was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.03 EPS. On average, equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

About CCC Intelligent Solutions

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.