Voya Investment Management LLC Has $644,000 Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Voya Investment Management LLC reduced its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,916 shares of the company’s stock after selling 3,862 shares during the quarter. Voya Investment Management LLC’s holdings in CCC Intelligent Solutions were worth $644,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CCCS. Baker Tilly Wealth Management LLC increased its holdings in shares of CCC Intelligent Solutions by 6.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock worth $169,000 after purchasing an additional 888 shares during the period. CIBC Asset Management Inc raised its holdings in CCC Intelligent Solutions by 5.9% in the 4th quarter. CIBC Asset Management Inc now owns 19,046 shares of the company’s stock valued at $223,000 after acquiring an additional 1,054 shares in the last quarter. Berry Wealth Group LP lifted its position in shares of CCC Intelligent Solutions by 5.8% in the 4th quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock worth $237,000 after acquiring an additional 1,109 shares during the period. Arizona State Retirement System grew its holdings in shares of CCC Intelligent Solutions by 1.0% during the 4th quarter. Arizona State Retirement System now owns 117,507 shares of the company’s stock worth $1,378,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of CCC Intelligent Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 198,807 shares of the company’s stock worth $2,332,000 after purchasing an additional 1,250 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Stock Performance

Shares of CCC Intelligent Solutions stock opened at $8.94 on Friday. The firm has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $10.59. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market cap of $5.89 billion, a P/E ratio of 446.97 and a beta of 0.76.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. Sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.98, for a total value of $305,813.90. Following the completion of the sale, the director now owns 54,047 shares of the company’s stock, valued at approximately $485,342.06. This represents a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rodney Christo sold 20,077 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.20, for a total transaction of $204,785.40. The disclosure for this sale can be found here. Insiders have sold 42,087,456 shares of company stock worth $434,240,401 over the last ninety days. Company insiders own 6.03% of the company’s stock.

Analyst Upgrades and Downgrades

CCCS has been the subject of several research reports. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley reduced their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.19.

CCC Intelligent Solutions Company Profile

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.