Susquehanna Fundamental Investments LLC Decreases Stock Holdings in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Susquehanna Fundamental Investments LLC lowered its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 47.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,005,626 shares of the company’s stock after selling 907,551 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $5,189,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC grew its stake in shares of 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 purchasing an additional 4,644 shares during the last quarter. Essential Partners LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $38,000. Essex Financial Services Inc. bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $61,000. Kera Capital Partners Inc. purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $62,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CCC shares. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup raised their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. 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 report on Thursday, July 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, July 31st. Finally, Jefferies Financial Group set a $7.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and a consensus target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

CCC stock opened at $7.46 on Tuesday. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $10.14. The stock’s 50 day moving average price is $6.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $4.39 billion, a P/E ratio of 93.26 and a beta of 0.49.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The business’s revenue was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

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.