Capstone Investment Advisors LLC Sells 6,070 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Capstone Investment Advisors LLC cut its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 32.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,537 shares of the company’s stock after selling 6,070 shares during the quarter. Capstone Investment Advisors LLC’s holdings in CCC Intelligent Solutions were worth $139,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CCCS. Principal Financial Group Inc. grew its stake in CCC Intelligent Solutions by 4.9% during the 3rd quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock worth $292,654,000 after buying an additional 1,234,281 shares during 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. Ghisallo Capital Management LLC purchased a new stake in shares of CCC Intelligent Solutions during the second quarter worth about $132,917,000. Conestoga Capital Advisors LLC increased its holdings in shares of CCC Intelligent Solutions by 18.7% during the third quarter. Conestoga Capital Advisors LLC now owns 9,508,085 shares of the company’s stock valued at $105,064,000 after acquiring an additional 1,498,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of CCC Intelligent Solutions by 35.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,648,957 shares of the company’s stock valued at $95,571,000 after purchasing an additional 2,272,336 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CCCS shares. JPMorgan Chase & Co. dropped their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Barclays dropped their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Finally, 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 objective for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.78.

CCC Intelligent Solutions Stock Down 0.1 %

CCC Intelligent Solutions stock opened at $12.60 on Monday. The business’s 50-day moving average price is $11.28 and its 200 day moving average price is $11.11. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 630.32, a price-to-earnings-growth ratio of 6.94 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.83.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, topping 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 business had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter last year, the company earned $0.03 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at approximately $1,167,216. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Githesh Ramamurthy sold 9,348 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was 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 of the company’s stock, valued at $55,177,460. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 443,153 shares of company stock valued at $5,390,863. Corporate insiders own 6.67% of the company’s stock.

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.