Hsbc Holdings PLC Raises Stock Position in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Hsbc Holdings PLC grew its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 833.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,030,121 shares of the company’s stock after purchasing an additional 1,812,674 shares during the quarter. Hsbc Holdings PLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $12,181,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCC. Root Financial Partners LLC raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after buying an additional 4,644 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of 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 during the period. Essex Financial Services Inc. bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $61,000. Elevation Point Wealth Partners LLC lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 69.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 32,033 shares of the company’s stock valued at $192,000 after purchasing an additional 13,112 shares during the period. Finally, MQS Management LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $90,000. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

CCC has been the subject of a number of research reports. Wall Street Zen upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Jefferies Financial Group reissued a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Stifel Nicolaus reissued a “buy” rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Finally, Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.25.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ:CCC opened at $5.73 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $10.50. The company has a market capitalization of $3.36 billion, a P/E ratio of 95.52 and a beta of 0.51. The firm’s fifty day simple moving average is $5.02.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate 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 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.