The Vanguard Group, Inc. has recently announced that it has increased stake in CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) by 6.99%. After grabbing 17.51 million shares, the institutional investor is now in possession of 1.14 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.91% having worth around $204.51 million. Moreover, Janus Henderson Investors US LLC increased its share by 1.04 million to have a control over 8.56 million shares. And BlackRock Fund Advisors raised its holdings to 1.55 million shares by acquiring 7.7 million shares or 1.28% of the stake.
CCC Intelligent Solutions Holdings Inc (CCCS) concluded trading on 01/04/24 at a closing price of $10.67, with 10.03 million shares of worth about $107.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.84% during that period and on Thursday the price saw a loss of about -2.20%. Currently the company’s common shares owned by public are about 622.07M shares, out of which, 197.53M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 64 times over the past 12 months. They bought 1,079,680 shares in 20 of the transactions. In 44 selling transactions, insiders dumped 350,203,670 shares.
T Rowe Price Mid Cap Growth Fund, Janus Henderson Global Technology, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in CCC Intelligent Solutions Holdings Inc T Rowe Price Mid Cap Growth Fund is currently holding 15.42 million shares of worth totaling $180.16 million. The company recently came selling 68000.0 shares which brought its stake up to 2.56% of the company’s outstanding shares. Janus Henderson Global Technology bought 0.83 million shares, after which its hold over company’s outstanding shares expand to 1.16%, leaving 7.01 million shares with the mutual fund that have a worth of about $81.88 million. Vanguard Total Stock Market ETF, after buying 6.6 million shares, have now control over 1.10% of the stake in the company. It holds 0.65 million shares of worth $77.06 million.
CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) started trading at $10.60, below -$0.31 from concluding price of the previous day. However, the stock later moved at a day high price of 10.88, or with a loss of -2.20%. Stock saw a price change of -7.06% in past 5 days and over the past one month there was a price change of -8.73%. Year-to-date (YTD), CCCS shares are showing a performance of -6.32% which increased to 22.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.30 but also hit the highest price of $13.41 during that period. The average intraday trading volume for CCC Intelligent Solutions Holdings Inc shares is 2.43 million. The stock is currently trading -6.49% below its 20-day simple moving average (SMA20), while that difference is down -6.07% for SMA50 and it goes to -0.52% lower than SMA200.
The Vanguard Group, Inc. acquired 17.51 million shares of CCC Intelligent Solutions Holdings Inc having value of about $204.51 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.14 million shares in the company valued at close to $12211665.62, or have control over 6.99% stake in the company. CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) currently have 622.07M outstanding shares and institutions hold larger chunk of about 27.83% of that. Holding of mutual funds in the company is about 17.82% while other institutional holders and individual stake holders have control over 62.30% and 10.22% of the stake respectively.
The stock has a current market capitalization of $6.43B and its 3Y-monthly beta is at 0.61. It has posted earnings per share of -$0.19 in the same period. It has Quick Ratio of 4.02 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CCCS, volatility over the week remained 1.99% while standing at 1.85% over the month.
Analysts are in expectations that CCC Intelligent Solutions Holdings Inc (CCCS) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.35 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 18.07% while it is estimated to increase by 11.11% in next year.
Analysts at 14 brokerage firms have issued recommendations for the CCC Intelligent Solutions Holdings Inc (CCCS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.57. Out of those 14 Wall Street analysts, 10 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on December 13, 2023 offering a Neutral rating for the stock and assigned a target price of $13 to it.
