Coldstream Capital Management Inc. Raises Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Coldstream Capital Management Inc. increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 26.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,236 shares of the company’s stock after acquiring an additional 3,848 shares during the quarter. Coldstream Capital Management Inc.’s holdings in CCC Intelligent Solutions were worth $204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ghisallo Capital Management LLC purchased a new position in shares of CCC Intelligent Solutions in the second quarter valued at $132,917,000. Principal Financial Group Inc. grew its holdings in CCC Intelligent Solutions by 37.8% during the 2nd quarter. Principal Financial Group Inc. now owns 25,250,230 shares of the company’s stock valued at $280,530,000 after buying an additional 6,921,161 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of CCC Intelligent Solutions during the second quarter valued at about $70,844,000. Van Berkom & Associates Inc. purchased a new stake in shares of CCC Intelligent Solutions in the second quarter worth about $61,605,000. Finally, Wasatch Advisors LP boosted its position in shares of CCC Intelligent Solutions by 49.1% in the third quarter. Wasatch Advisors LP now owns 14,331,030 shares of the company’s stock valued at $158,358,000 after acquiring an additional 4,716,587 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CCCS shares. Barclays lowered their target price on shares of 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. Bank of America assumed coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. raised their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Finally, Piper Sandler reiterated a “neutral” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average target price of $13.89.

CCC Intelligent Solutions Stock Down 1.0 %

Shares of NYSE CCCS opened at $12.10 on Wednesday. The stock has a market capitalization of $7.57 billion, a P/E ratio of 605.00, a PEG ratio of 6.80 and a beta of 0.71. CCC Intelligent Solutions Holdings Inc. has a one year low of $9.79 and a one year high of $12.88. The firm’s 50 day simple moving average is $11.66 and its two-hundred day simple moving average is $11.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate 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 net margin of 5.02% and a return on equity of 5.35%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. As a group, analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the transaction, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Jo Prigge sold 2,489 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at $1,167,216. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 443,153 shares of company stock worth $5,390,863. Company 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.