Lindenwold Advisors INC Has $144,000 Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Lindenwold Advisors INC boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 21.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,050 shares of the company’s stock after purchasing an additional 2,330 shares during the quarter. Lindenwold Advisors INC’s holdings in CCC Intelligent Solutions were worth $144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in CCC Intelligent Solutions by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after acquiring an additional 4,225,920 shares during the period. Principal Financial Group Inc. grew its position in CCC Intelligent Solutions by 4.9% during the third quarter. Principal Financial Group Inc. now owns 26,484,511 shares of the company’s stock valued at $292,654,000 after purchasing an additional 1,234,281 shares in the last quarter. Dragoneer Investment Group LLC increased its stake in 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 buying an additional 3,809,200 shares during the period. Janus Henderson Group PLC lifted its position in CCC Intelligent Solutions by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 12,469,424 shares of the company’s stock worth $149,133,000 after buying an additional 857,110 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of CCC Intelligent Solutions during the 2nd quarter valued at $132,917,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 1.4 %

CCC Intelligent Solutions stock opened at $11.61 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The business’s 50-day simple moving average is $10.98 and its 200-day simple moving average is $11.00. The firm has a market capitalization of $7.26 billion, a PE ratio of 580.79, a PEG ratio of 6.76 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 $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (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 analyst estimates of $237.41 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. CCC Intelligent Solutions’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current year.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total value of $311,986.50. Following the sale, the insider now directly owns 30,172 shares in the company, valued at approximately $324,349. This represents a 49.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Insiders sold a total of 124,664 shares of company stock valued at $1,435,614 in the last quarter. Corporate insiders own 6.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCCS. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Jefferies Financial Group cut their price target on 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. Barclays lowered their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company 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 objective on the stock. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.78.

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.