First Trust Advisors LP Has $10.38 Million Stock Position in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

First Trust Advisors LP boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 22.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,730,453 shares of the company’s stock after acquiring an additional 320,771 shares during the period. First Trust Advisors LP’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $10,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after purchasing an additional 4,644 shares during the last quarter. Essex Financial Services Inc. bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $61,000. Kera Capital Partners Inc. bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $62,000. Citizens Financial Group Inc. RI acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $65,000. Finally, Meeder Advisory Services Inc. bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth $87,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CCC shares. Citigroup downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $6.00 in a report on Friday, April 10th. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Stifel Nicolaus restated a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday. Finally, Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of NASDAQ:CCC opened at $6.09 on Friday. The stock has a market cap of $3.57 billion, a P/E ratio of 76.13 and a beta of 0.51. The business has a 50-day moving average of $5.23. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $10.50.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.07%. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

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.