CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 24.8% during the first quarter, Holdings Channel reports. The firm owned 654,237 shares of the company’s stock after purchasing an additional 130,212 shares during the period. California State Teachers Retirement System’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $3,925,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% in the 1st quarter. Empowered Funds LLC now owns 22,519 shares of the company’s stock valued at $135,000 after buying an additional 3,556 shares in the last quarter. Root Financial Partners LLC grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after buying an additional 4,644 shares during the last quarter. Associated Banc Corp raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 33.0% during the 1st quarter. Associated Banc Corp now owns 22,368 shares of the company’s stock worth $134,000 after acquiring an additional 5,544 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock worth $503,000 after acquiring an additional 6,354 shares in the last quarter. Finally, KBC Group NV lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 56.2% in the first quarter. KBC Group NV now owns 19,103 shares of the company’s stock valued at $115,000 after acquiring an additional 6,872 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $6.92 on Friday. The firm has a fifty day simple moving average of $5.42. The firm has a market cap of $4.08 billion, a PE ratio of 86.51 and a beta of 0.50. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12 month low of $4.08 and a 12 month high of $10.14. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm 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 7.18%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Barrington Research reiterated 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. Citigroup boosted their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.