Fifth Third Bancorp Acquires 724,590 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Fifth Third Bancorp raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 7,790.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 733,891 shares of the company’s stock after acquiring an additional 724,590 shares during the period. Fifth Third Bancorp’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $4,403,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Wasatch Advisors LP grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the first quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after purchasing an additional 5,440,768 shares in the last quarter. Hsbc Holdings PLC lifted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 833.6% during the first quarter. Hsbc Holdings PLC now owns 2,030,121 shares of the company’s stock valued at $12,181,000 after purchasing an additional 1,812,674 shares during the last quarter. SG Americas Securities LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $3,254,000. OP Asset Management Ltd purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $816,000. Finally, Janney Montgomery Scott LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $308,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 1.9%

NASDAQ CCC opened at $6.05 on Friday. 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 firm has a 50-day moving average of $4.93. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 100.85 and a beta of 0.51.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm 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 was up 11.8% compared to the same quarter last year. As a group, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $6.00 in a report on Friday, April 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.25.

About CCC Intelligent Solutions Holdings Inc. Common Stock

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.