State Street Corp Has $82.28 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

State Street Corp lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 32.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,446,518 shares of the company's stock after buying an additional 1,815,816 shares during the quarter. State Street Corp owned about 1.19% of CCC Intelligent Solutions worth $82,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company's stock worth $32,000 after acquiring an additional 1,729 shares during the last quarter. CWM LLC lifted its holdings in CCC Intelligent Solutions by 352.6% during 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 during the last quarter. Huntington National Bank boosted its stake in CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company's stock valued at $65,000 after purchasing an additional 1,599 shares during the period. Marco Investment Management LLC acquired a new position in CCC Intelligent Solutions in the 3rd quarter valued at $113,000. 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 worth $114,000 after buying an additional 4,637 shares during the period. Institutional investors own 95.79% of the company's stock.

Insider Activity

In other news, insider Mary Jo Prigge sold 19,276 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $244,226.92. Following the transaction, the insider now owns 97,268 shares in the company, valued at approximately $1,232,385.56. The trade was a 16.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Githesh Ramamurthy sold 9,348 shares of the company's 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 sale, the insider now directly owns 4,798,040 shares in the company, valued at approximately $55,177,460. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 443,153 shares of company stock worth $5,390,863. Insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Price Performance

NYSE:CCCS traded down $0.12 during trading hours on Tuesday, hitting $12.10. The company's stock had a trading volume of 3,412,029 shares, compared to its average volume of 3,391,266. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.88. 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 stock has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $11.18. The company has a market capitalization of $7.57 billion, a P/E ratio of 611.00, a PEG ratio of 6.80 and a beta of 0.71.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company 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 firm's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. On average, analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CCCS shares. Piper Sandler reissued a "neutral" rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a "buy" rating and a $15.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Finally, Barclays dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.89.

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.