CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 86.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,343,663 shares of the company’s stock after buying an additional 621,710 shares during the period. Quantinno Capital Management LP’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $8,062,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after buying an additional 1,189,466 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock worth $81,091,000 after acquiring an additional 1,814,248 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth about $4,978,000. Hsbc Holdings PLC lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% in the first quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock worth $12,181,000 after acquiring an additional 1,812,674 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 7,790.5% in the first quarter. Fifth Third Bancorp now owns 733,891 shares of the company’s stock worth $4,403,000 after acquiring an additional 724,590 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 0.5%

NASDAQ:CCC opened at $6.33 on Wednesday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 79.13 and a beta of 0.50. The company’s 50 day moving average is $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. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business 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%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CCC shares. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Jefferies Financial Group set a $7.00 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday. Stifel Nicolaus reiterated 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. Finally, Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday. 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.