Teachers Retirement System of The State of Kentucky Buys 51,607 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Teachers Retirement System of The State of Kentucky grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 45.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,040 shares of the company's stock after purchasing an additional 51,607 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in CCC Intelligent Solutions were worth $1,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank grew its holdings in CCC Intelligent Solutions by 5.8% in the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company's stock valued at $262,000 after buying an additional 1,299 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of CCC Intelligent Solutions by 2.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company's stock worth $745,000 after acquiring an additional 1,390 shares during the last quarter. Hardy Reed LLC increased its position in CCC Intelligent Solutions by 7.1% during the third quarter. Hardy Reed LLC now owns 21,540 shares of the company's stock worth $238,000 after acquiring an additional 1,430 shares during the period. Parkside Financial Bank & Trust raised its stake in CCC Intelligent Solutions by 15.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company's stock valued at $132,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Huntington National Bank boosted its holdings 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. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCCS. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a "buy" rating and a $15.00 price objective for the company. Piper Sandler reiterated a "neutral" rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Barclays lowered 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. JPMorgan Chase & Co. raised their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Morgan Stanley raised shares of CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, CCC Intelligent Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $13.89.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 9,348 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.50, for a total value of $107,502.00. Following the transaction, the insider now directly owns 4,798,040 shares in the company, valued at approximately $55,177,460. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 75,000 shares of CCC Intelligent Solutions stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 443,153 shares of company stock worth $5,390,863. 6.67% of the stock is currently owned by insiders.

CCC Intelligent Solutions Price Performance

Shares of CCCS traded down $0.12 during trading hours on Tuesday, hitting $12.10. The stock had a trading volume of 3,412,029 shares, compared to its average volume of 3,391,266. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 605.00, a P/E/G ratio of 6.80 and a beta of 0.71. 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's fifty day moving average is $11.66 and its two-hundred day moving average is $11.19. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $238.48 million for the quarter, compared to analysts' expectations of $237.41 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The company's quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate 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.