Y Intercept Hong Kong Ltd Buys Shares of 62,007 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Y Intercept Hong Kong Ltd bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 62,007 shares of the company's stock, valued at approximately $685,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank increased its stake in shares of CCC Intelligent Solutions by 5.8% during the third quarter. Amalgamated Bank now owns 23,722 shares of the company's stock valued at $262,000 after acquiring an additional 1,299 shares during the period. Bradley Foster & Sargent Inc. CT increased its position in shares of CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company's stock valued at $745,000 after purchasing an additional 1,390 shares during the period. Hardy Reed LLC raised its stake in shares of CCC Intelligent Solutions by 7.1% in the 3rd quarter. Hardy Reed LLC now owns 21,540 shares of the company's stock worth $238,000 after buying an additional 1,430 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company's stock valued at $132,000 after buying an additional 1,564 shares during the period. Finally, Huntington National Bank grew its holdings in CCC Intelligent Solutions by 37.6% during the third quarter. Huntington National Bank now owns 5,852 shares of the company's stock worth $65,000 after acquiring an additional 1,599 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCCS shares. Piper Sandler reissued a "neutral" rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Morgan Stanley raised CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Barclays reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. Finally, Bank of America started coverage on 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.89.

Insiders Place Their Bets

In other news, insider Githesh Ramamurthy sold 9,348 shares of the 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 transaction, the insider now owns 4,798,040 shares in the company, valued at $55,177,460. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $885,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 443,153 shares of company stock valued at $5,390,863 in the last three months. Insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Stock Down 0.9 %

NYSE CCCS traded down $0.11 during trading on Friday, reaching $12.13. 2,982,657 shares of the company's stock were exchanged, compared to its average volume of 3,393,057. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.88. The company's fifty day simple moving average is $11.60 and its 200-day simple moving average is $11.18. The firm has a market capitalization of $7.59 billion, a PE ratio of 606.50, a P/E/G ratio of 6.80 and a beta of 0.71.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $237.41 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict 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.