OneDigital Investment Advisors LLC Sells 1,914 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

OneDigital Investment Advisors LLC reduced its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,592 shares of the company’s stock after selling 1,914 shares during the period. OneDigital Investment Advisors LLC’s holdings in CCC Intelligent Solutions were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CCCS. Vanguard Group Inc. raised its holdings in shares of CCC Intelligent Solutions by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock valued at $335,299,000 after purchasing an additional 4,225,920 shares in the last quarter. Principal Financial Group Inc. raised its stake in CCC Intelligent Solutions by 4.9% in the third 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 in the last quarter. Dragoneer Investment Group LLC lifted its holdings in CCC Intelligent Solutions by 31.5% during the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after buying an additional 3,809,200 shares during the period. Janus Henderson Group PLC boosted its position in CCC Intelligent Solutions by 7.4% during the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock valued at $149,133,000 after acquiring an additional 857,110 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of CCC Intelligent Solutions in the 2nd quarter valued at $132,917,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 97,511 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $1,171,107.11. Following the completion of the transaction, the insider now owns 97,268 shares in the company, valued at approximately $1,168,188.68. This represents a 50.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Githesh Ramamurthy sold 9,348 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,153 shares of company stock worth $3,195,485. Corporate insiders own 6.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CCCS shares. Barrington Research reissued an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Jefferies Financial Group decreased 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 report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Barclays decreased 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. Finally, Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.78.

CCC Intelligent Solutions Trading Up 1.1 %

NYSE CCCS opened at $12.47 on Friday. 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 3.19. The company has a market capitalization of $7.80 billion, a PE ratio of 623.81, a P/E/G ratio of 6.76 and a beta of 0.63. The company has a fifty day moving average of $11.10 and a 200 day moving average of $11.04.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. Research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

About CCC Intelligent Solutions

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.