2,644,513 Shares in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,644,513 shares of the company's stock, valued at approximately $31,020,000. Raymond James Financial Inc. owned about 0.40% of CCC Intelligent Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sellaronda Global Management LP bought a new position in CCC Intelligent Solutions during the fourth quarter worth about $11,730,000. Legal & General Group Plc lifted its stake in shares of CCC Intelligent Solutions by 13.5% during the 4th quarter. Legal & General Group Plc now owns 424,741 shares of the company's stock valued at $4,982,000 after buying an additional 50,359 shares in the last quarter. 2Xideas AG bought a new position in CCC Intelligent Solutions in the 4th quarter worth approximately $2,524,000. Aster Capital Management DIFC Ltd purchased a new position in CCC Intelligent Solutions in the 4th quarter valued at approximately $726,000. Finally, Russell Investments Group Ltd. raised its holdings in CCC Intelligent Solutions by 2.3% during the 4th quarter. Russell Investments Group Ltd. now owns 515,372 shares of the company's stock valued at $6,045,000 after acquiring an additional 11,785 shares during the period. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Price Performance

CCCS stock traded up $0.15 during midday trading on Tuesday, reaching $8.61. The company had a trading volume of 5,549,097 shares, compared to its average volume of 4,661,758. The firm has a 50-day moving average price of $9.33 and a 200-day moving average price of $10.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market capitalization of $5.67 billion, a P/E ratio of 430.72 and a beta of 0.77. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88.

Insider Buying and Selling

In related news, Director Eileen Schloss sold 27,478 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the completion of the sale, the director now owns 26,569 shares in the company, valued at $228,493.40. The trade was a 50.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. The trade was a 94.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,087,456 shares of company stock worth $434,240,401. Corporate insiders own 6.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CCCS shares. Morgan Stanley reduced their price target on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays decreased their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Finally, Piper Sandler reissued a "neutral" rating and issued a $11.00 price target (down from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $12.57.

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.