Hardy Reed LLC Has $238,000 Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Hardy Reed LLC increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 7.1% in the third quarter, Holdings Channel.com reports. The firm owned 21,540 shares of the company’s stock after acquiring an additional 1,430 shares during the period. Hardy Reed LLC’s holdings in CCC Intelligent Solutions were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC boosted its stake in shares of CCC Intelligent Solutions by 31.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after purchasing an additional 3,809,200 shares during the last quarter. Comerica Bank boosted its stake in CCC Intelligent Solutions by 103.1% in the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock valued at $9,260,000 after acquiring an additional 392,966 shares during the last quarter. Adero Partners LLC grew its holdings in CCC Intelligent Solutions by 118.5% during the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock worth $63,879,000 after acquiring an additional 3,135,650 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of CCC Intelligent Solutions by 200.1% during the 2nd 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 during the last quarter. Finally, Element Capital Management LLC acquired a new position in shares of CCC Intelligent Solutions in the 2nd quarter valued at $7,941,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCCS has been the subject of a number of recent analyst reports. Barclays dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Bank of America initiated coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. Barrington Research reissued an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their target price 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. Finally, Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, CCC Intelligent Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $13.78.

Insider Transactions at CCC Intelligent Solutions

In other news, insider Githesh Ramamurthy sold 9,348 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $11.50, for a total value of $107,502.00. Following the completion of the transaction, the insider now owns 4,798,040 shares in the company, valued at $55,177,460. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total value of $29,868.00. Following the sale, the insider now owns 97,268 shares in the company, valued at $1,167,216. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 443,153 shares of company stock valued at $5,390,863 in the last ninety days. 6.67% of the stock is currently owned by corporate insiders.

CCC Intelligent Solutions Trading Down 0.9 %

CCCS opened at $12.62 on Wednesday. The stock has a market capitalization of $7.89 billion, a P/E ratio of 84.93, a P/E/G ratio of 7.02 and a beta of 0.63. 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 12 month low of $9.79 and a 12 month high of $12.83. The firm’s fifty day simple moving average is $11.14 and its 200 day simple moving average is $11.06.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal 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.