Sei Investments Co. Sells 927,379 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Sei Investments Co. reduced its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 23.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,107,106 shares of the company’s stock after selling 927,379 shares during the quarter. Sei Investments Co.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $18,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Evolve Private Wealth LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth $116,000. SG Americas Securities LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $3,254,000. Krilogy Financial LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $215,000. OP Asset Management Ltd purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $816,000. Finally, Wasatch Advisors LP grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after acquiring an additional 5,440,768 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 1.1%

NASDAQ CCC opened at $6.05 on Thursday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $10.50. The stock’s 50 day moving average price is $5.17. 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 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 announced its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company had revenue of $281.27 million during the quarter. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCC has been the topic of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Weiss Ratings upgraded shares of 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. Citigroup lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $6.00 in a report on Friday, April 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th. 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. According to data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has an average rating of “Hold” and a consensus price target 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.