Yarbrough Capital LLC Makes New $350,000 Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Yarbrough Capital LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,799 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth about $31,000. Quarry LP purchased a new position in CCC Intelligent Solutions during the 4th quarter valued at about $36,000. First Horizon Advisors Inc. raised its position in CCC Intelligent Solutions by 90.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,922 shares of the company’s stock worth $69,000 after acquiring an additional 2,805 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of CCC Intelligent Solutions by 27.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,258 shares of the company’s stock valued at $86,000 after purchasing an additional 1,546 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at about $124,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling at CCC Intelligent Solutions

In related news, insider Timothy A. Welsh purchased 100,000 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $9.03 per share, with a total value of $903,000.00. Following the completion of the purchase, the insider now directly owns 168,472 shares in the company, valued at approximately $1,521,302.16. This trade represents a 146.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total transaction of $236,310.80. Following the completion of the transaction, the director now owns 26,569 shares in the company, valued at approximately $228,493.40. This trade represents a 50.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,067,379 shares of company stock worth $545,395,616 in the last 90 days. 6.03% of the stock is owned by company insiders.

CCC Intelligent Solutions Trading Up 0.8%

Shares of CCCS opened at $8.99 on Friday. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a market capitalization of $5.92 billion, a PE ratio of 449.72 and a beta of 0.72. The stock has a fifty day moving average of $8.85 and a two-hundred day moving average of $10.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

CCCS has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Piper Sandler cut their price target on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Barclays reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.19.

CCC Intelligent Solutions 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.