CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Stock Holdings Lifted by Swiss National Bank

Swiss National Bank increased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 30.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 788,900 shares of the company's stock after purchasing an additional 184,900 shares during the period. Swiss National Bank owned 0.13% of CCC Intelligent Solutions worth $8,717,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CCCS. Adero Partners LLC grew its stake in shares of CCC Intelligent Solutions by 118.5% during the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company's stock valued at $63,879,000 after buying an additional 3,135,650 shares during the period. Natixis Advisors LLC raised its holdings in shares of CCC Intelligent Solutions by 22.5% in the 3rd quarter. Natixis Advisors LLC now owns 305,321 shares of the company's stock worth $3,374,000 after purchasing an additional 56,147 shares during the period. Huntington National Bank lifted 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 valued at $65,000 after purchasing an additional 1,599 shares in the last quarter. KBC Group NV grew its holdings in shares of 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 purchasing an additional 4,637 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in CCC Intelligent Solutions by 12.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 558,595 shares of the company's stock valued at $6,172,000 after buying an additional 61,660 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 2,489 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the transaction, the insider now owns 97,268 shares in the company, valued at approximately $1,167,216. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Rodney Christo sold 75,000 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $11.80, for a total transaction of $885,000.00. The disclosure for this sale can be found here. Insiders sold a total of 268,153 shares of company stock valued at $3,195,485 in the last quarter. Insiders own 6.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCCS shares. Jefferies Financial Group decreased 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. Barclays cut their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 29th. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Morgan Stanley raised CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Finally, Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a "buy" rating and a $15.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $13.78.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS traded down $0.12 during trading hours on Tuesday, reaching $12.62. 2,531,630 shares of the stock were exchanged, compared to its average volume of 3,425,426. The stock has a market capitalization of $7.89 billion, a P/E ratio of 637.32, a P/E/G ratio of 6.87 and a beta of 0.63. The firm has a 50 day simple moving average of $11.14 and a 200-day simple moving average of $11.06. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.83.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.03 earnings per share. As a group, sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

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.