CCC Intelligent Solutions (NYSE:CCCS) Stock Rating Reaffirmed by Barrington Research

Barrington Research reiterated their outperform rating on shares of CCC Intelligent Solutions (NYSE:CCCS) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $14.00 target price on the stock.

A number of other equities analysts have also commented on CCCS. Jefferies Financial Group dropped 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. Barclays dropped their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Bank of America began 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 target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

CCC Intelligent Solutions Price Performance

NYSE CCCS opened at $10.93 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.80 billion, a PE ratio of -52.05, a price-to-earnings-growth ratio of 6.26 and a beta of 0.62. The company has a 50 day moving average price of $10.85 and a two-hundred day moving average price of $11.02. CCC Intelligent Solutions has a 12-month low of $9.79 and a 12-month high of $12.68.

CCC Intelligent Solutions (NYSE:CCCS) last posted 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. The firm had revenue of $238.48 million during the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, equities analysts predict that CCC Intelligent Solutions will post 0.16 earnings per share for the current fiscal year.

Insider Activity

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the sale, the director now owns 54,047 shares in the company, valued at $534,524.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares in the company, valued at $324,349. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $9.89, for a total value of $988,258.25. Following the sale, the director now directly owns 54,047 shares in the company, valued at $534,524.83. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,323 shares of company stock worth $2,157,354. Company insiders own 6.67% of the company’s stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System lifted its holdings in shares of CCC Intelligent Solutions by 104.1% during the first quarter. Maryland State Retirement & Pension System now owns 26,562 shares of the company’s stock valued at $306,000 after acquiring an additional 13,548 shares during the period. Capstone Investment Advisors LLC lifted its holdings in CCC Intelligent Solutions by 47.7% during the 1st quarter. Capstone Investment Advisors LLC now owns 43,299 shares of the company’s stock valued at $518,000 after purchasing an additional 13,979 shares during the last quarter. Gilbert & Cook Inc. acquired a new position in CCC Intelligent Solutions in the first quarter valued at about $168,000. Hardy Reed LLC grew its stake in CCC Intelligent Solutions by 40.1% during the first quarter. Hardy Reed LLC now owns 18,800 shares of the company’s stock worth $225,000 after buying an additional 5,385 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of CCC Intelligent Solutions during the first quarter worth approximately $243,000. Institutional investors own 95.79% of the company’s stock.

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.