1,806,044 Shares in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in the 1st quarter, HoldingsChannel reports. The fund acquired 1,806,044 shares of the company’s stock, valued at approximately $10,836,000.

Other large investors have also modified their holdings of the company. Wasatch Advisors LP grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after buying an additional 5,440,768 shares during the last quarter. London Co. of Virginia lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% during the 1st quarter. London Co. of Virginia now owns 8,741,590 shares of the company’s stock worth $52,450,000 after acquiring an additional 3,007,687 shares during the last quarter. Alfreton Capital LLP lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the 1st quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock worth $64,668,000 after acquiring an additional 1,978,074 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after acquiring an additional 1,814,248 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% during the 1st quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock valued at $12,181,000 after acquiring an additional 1,812,674 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of NASDAQ CCC opened at $6.33 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 79.13 and a beta of 0.50. The company has a 50 day moving average price of $5.30. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $10.14.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced 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 company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.CCC Intelligent Solutions Holdings Inc. Common Stock’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

CCC has been the topic of a number of recent analyst reports. Citigroup increased their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Monday. Stifel Nicolaus reissued a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Jefferies Financial Group set a $7.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and an average target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Profile

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.