Harbor Capital Advisors Inc. Has $2.26 Million Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Harbor Capital Advisors Inc. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 200.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,543 shares of the company’s stock after acquiring an additional 135,710 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in CCC Intelligent Solutions were worth $2,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CCCS. Wedmont Private Capital raised its stake in shares of CCC Intelligent Solutions by 9.7% during the 1st quarter. Wedmont Private Capital now owns 12,266 shares of the company’s stock worth $146,000 after purchasing an additional 1,082 shares in the last quarter. American International Group Inc. lifted its stake in shares of CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in CCC Intelligent Solutions by 128.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in CCC Intelligent Solutions by 5.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 32,082 shares of the company’s stock worth $384,000 after buying an additional 1,619 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of CCC Intelligent Solutions by 0.6% in the first quarter. Russell Investments Group Ltd. now owns 278,964 shares of the company’s stock worth $3,336,000 after buying an additional 1,622 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Mary Jo Prigge sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.50, for a total transaction of $1,150,000.00. Following the completion of the sale, the insider now owns 86,825 shares of the company’s stock, valued at $998,487.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Rodney Christo sold 4,177 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The disclosure for this sale can be found here. Insiders sold 67,802,280 shares of company stock valued at $772,070,710 over the last quarter. Corporate insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Stock Performance

NYSE CCCS traded up $0.17 during midday trading on Wednesday, hitting $10.21. The company had a trading volume of 2,112,357 shares, compared to its average volume of 3,790,899. The firm has a fifty day simple moving average of $11.18 and a two-hundred day simple moving average of $11.36. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $13.41. The company has a quick ratio of 2.53, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of -47.81 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. CCC Intelligent Solutions’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. Equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCCS has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Jefferies Financial Group lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.63.

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.