Wellington Management Group LLP Invests $17.87 Million in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Wellington Management Group LLP purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,462,931 shares of the company’s stock, valued at approximately $17,869,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of 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 purchasing an additional 1,189,466 shares in the last quarter. Wasatch Advisors LP boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after acquiring an additional 5,440,768 shares during the last quarter. Bank of America Corp DE boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% during the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock valued at $84,026,000 after acquiring an additional 324,678 shares during the last quarter. Van Berkom & Associates Inc. grew 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 worth $81,091,000 after acquiring an additional 1,814,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after acquiring an additional 695,892 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCC has been the topic of a number of recent analyst reports. 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. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Citigroup upped their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ:CCC opened at $7.51 on Monday. The company has a market cap of $4.42 billion, a P/E ratio of 93.89 and a beta of 0.49. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $9.91. The firm’s 50-day simple moving average is $6.45. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results 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. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The firm had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company 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.