Segall Bryant & Hamill LLC Has $14.96 Million Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Segall Bryant & Hamill LLC reduced its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 11.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,353,991 shares of the company’s stock after selling 171,482 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in CCC Intelligent Solutions were worth $14,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Dragoneer Investment Group LLC grew its position 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 valued at $176,704,000 after acquiring an additional 3,809,200 shares during the period. Comerica Bank increased its position in shares of CCC Intelligent Solutions by 103.1% during the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after purchasing an additional 392,966 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in 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 purchasing an additional 135,710 shares during the last quarter. Adero Partners LLC boosted its position in CCC Intelligent Solutions by 118.5% in the third quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after buying an additional 3,135,650 shares in the last quarter. Finally, Element Capital Management LLC bought a new stake in CCC Intelligent Solutions during the second quarter worth about $7,941,000. 95.79% of the stock is owned by institutional investors.

Insider Activity at CCC Intelligent Solutions

In related news, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total value of $29,868.00. Following the transaction, the insider now owns 97,268 shares in the company, valued at approximately $1,167,216. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Over the last quarter, insiders have sold 95,642 shares of company stock valued at $1,123,628. 6.67% of the stock is owned by insiders.

CCC Intelligent Solutions Trading Up 2.0 %

NYSE:CCCS opened at $12.02 on Thursday. 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 business’s 50-day simple moving average is $11.04 and its 200-day simple moving average is $11.02. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68. The stock has a market capitalization of $7.52 billion, a PE ratio of 601.00, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63.

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, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the firm earned $0.03 EPS. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCCS shares. Barrington Research reiterated 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 decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Bank of America assumed coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. JPMorgan Chase & Co. reduced 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 research report on Tuesday, October 29th. Finally, Morgan Stanley upgraded shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and seven have issued 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 a consensus price target 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.