Oppenheimer Asset Management Inc. Has $6.17 Million Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Oppenheimer Asset Management Inc. raised its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 12.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 558,595 shares of the company’s stock after acquiring an additional 61,660 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CCC Intelligent Solutions were worth $6,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. American International Group Inc. raised its holdings in shares of CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after acquiring an additional 1,135 shares during the period. CWM LLC raised its stake in shares of CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after purchasing an additional 2,419 shares during the period. Twin Tree Management LP bought a new stake in shares of CCC Intelligent Solutions in the first quarter valued at about $53,000. Quarry LP boosted its position in shares of CCC Intelligent Solutions by 304.0% during the second quarter. Quarry LP now owns 11,219 shares of the company’s stock worth $125,000 after buying an additional 8,442 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after buying an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the sale, the insider now directly owns 4,798,040 shares of the company’s stock, valued at approximately $55,177,460. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael John Silva sold 29,022 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the sale, the insider now owns 30,172 shares of the company’s stock, valued at $324,349. This trade represents a 49.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,175 shares of company stock worth $520,746. 6.67% of the stock is owned by insiders.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS opened at $11.84 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.99. The company has a market cap of $7.41 billion, a PE ratio of 592.30, a price-to-earnings-growth ratio of 6.60 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share 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 analysts’ expectations of $237.41 million. During the same quarter in the prior year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

CCCS has been the topic of several research reports. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective on the stock. Barclays decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group cut their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Morgan Stanley upgraded 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 report on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.78.

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.