Jefferies Financial Group Inc. Makes New Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Jefferies Financial Group Inc. acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 4th quarter, Holdings Channel reports. The fund acquired 4,951,387 shares of the company’s stock, valued at approximately $58,080,000. CCC Intelligent Solutions accounts for 0.3% of Jefferies Financial Group Inc.’s portfolio, making the stock its 22nd largest holding.

A number of other large investors also recently modified their holdings of CCCS. Eagle Bay Advisors LLC purchased a new stake in CCC Intelligent Solutions during the 4th quarter valued at approximately $25,000. UMB Bank n.a. bought a new position in shares of CCC Intelligent Solutions during the fourth quarter worth $28,000. TD Private Client Wealth LLC purchased a new position in CCC Intelligent Solutions during the fourth quarter valued at $31,000. Quarry LP bought a new stake in CCC Intelligent Solutions in the 4th quarter valued at $36,000. Finally, GAMMA Investing LLC lifted its stake in CCC Intelligent Solutions by 286.9% in the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after purchasing an additional 2,479 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the topic of several research reports. Barclays reduced their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday. The Goldman Sachs Group dropped their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday. Finally, Piper Sandler decreased their target price on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.19.

Insiders Place Their Bets

In related news, Director Eileen Schloss sold 27,478 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total value of $236,310.80. Following the transaction, the director now owns 26,569 shares of the company’s stock, valued at $228,493.40. This trade represents a 50.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the completion of the sale, the director now directly owns 2,258,343 shares of the company’s stock, valued at approximately $23,306,099.76. This trade represents a 94.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,087,456 shares of company stock worth $434,240,401 over the last quarter. Company insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock opened at $9.00 on Friday. The firm has a market capitalization of $5.93 billion, a PE ratio of 450.23 and a beta of 0.76. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The firm has a 50-day moving average price of $8.97 and a 200-day moving average price of $10.57. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

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.