Pembroke Management LTD Sells 14,694 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Pembroke Management LTD lowered its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117,263 shares of the company’s stock after selling 14,694 shares during the period. Pembroke Management LTD owned approximately 0.18% of CCC Intelligent Solutions worth $12,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sei Investments Co. boosted its position in shares of CCC Intelligent Solutions by 15.3% in the 1st quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock worth $22,575,000 after purchasing an additional 250,314 shares in the last quarter. Dragoneer Investment Group LLC boosted its holdings in CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after acquiring an additional 3,809,200 shares in the last quarter. Comerica Bank boosted its holdings in CCC Intelligent Solutions by 103.1% in the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after acquiring an additional 392,966 shares in the last quarter. Swiss National Bank grew its stake in shares of CCC Intelligent Solutions by 14.5% in the first quarter. Swiss National Bank now owns 475,900 shares of the company’s stock worth $5,692,000 after acquiring an additional 60,400 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of CCC Intelligent Solutions by 200.1% during the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after acquiring an additional 135,710 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CCCS shares. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Bank of America assumed 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 target for the company. 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. reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Jefferies Financial Group lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.56.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider John Page Goodson sold 45,560 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $10.08, for a total value of $459,244.80. Following the transaction, the insider now directly owns 87,892 shares in the company, valued at approximately $885,951.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CCC Intelligent Solutions news, insider John Page Goodson sold 45,560 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the completion of the sale, the insider now owns 87,892 shares in the company, valued at $885,951.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $9.89, for a total value of $988,258.25. Following the transaction, the director now directly owns 54,047 shares in the company, valued at approximately $534,524.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,323 shares of company stock worth $2,157,354. 6.67% of the stock is owned by company insiders.

CCC Intelligent Solutions Price Performance

NYSE CCCS opened at $10.47 on Friday. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 69.40, a PEG ratio of 5.97 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 2.79. The business’s fifty day moving average price is $10.83 and its 200-day moving average price is $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. CCC Intelligent Solutions’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share 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.