Dimensional Fund Advisors LP Purchases 695,892 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Dimensional Fund Advisors LP raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,043,781 shares of the company’s stock after acquiring an additional 695,892 shares during the period. Dimensional Fund Advisors LP’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $66,254,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KBC Group NV grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 56.2% during the 1st quarter. KBC Group NV now owns 19,103 shares of the company’s stock worth $115,000 after purchasing an additional 6,872 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at $62,000. Allspring Global Investments Holdings LLC raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 11.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,301,112 shares of the company’s stock valued at $7,807,000 after purchasing an additional 138,669 shares in the last quarter. Sanctuary Advisors LLC lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 101.9% in the first quarter. Sanctuary Advisors LLC now owns 28,759 shares of the company’s stock worth $173,000 after purchasing an additional 14,517 shares during the period. Finally, Principal Financial Group Inc. lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% in the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after purchasing an additional 1,189,466 shares during the period. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

CCC has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group set a $7.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Finally, Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC stock opened at $6.09 on Friday. The company has a fifty day moving average of $5.23. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $10.50. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 76.13 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.07% and a net margin of 3.81%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.