Bessemer Group Inc. Has $457,000 Position in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Bessemer Group Inc. cut its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 99.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,214 shares of the company’s stock after selling 8,302,803 shares during the quarter. Bessemer Group Inc.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCC. Allspring Global Investments Holdings LLC boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 11.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,301,112 shares of the company’s stock worth $7,807,000 after purchasing an additional 138,669 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 101.9% in the first quarter. Sanctuary Advisors LLC now owns 28,759 shares of the company’s stock valued at $173,000 after buying an additional 14,517 shares during the period. Principal Financial Group Inc. boosted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after buying an additional 1,189,466 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 142.7% during the 1st quarter. Chicago Partners Investment Group LLC now owns 77,266 shares of the company’s stock worth $464,000 after buying an additional 45,427 shares during the period. Finally, Associated Banc Corp increased its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 33.0% in the 1st quarter. Associated Banc Corp now owns 22,368 shares of the company’s stock valued at $134,000 after acquiring an additional 5,544 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $5.82 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. The business’s 50-day simple moving average is $5.08. The firm has a market cap of $3.42 billion, a P/E ratio of 97.02 and a beta of 0.51. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $10.50.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings results 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%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCC. Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note 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. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Finally, Citigroup downgraded 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 research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and an average target price of $9.25.

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.