CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,245 shares of the company’s stock after selling 2,051 shares during the quarter. Stephens Inc. AR’s holdings in CCC Intelligent Solutions were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Conestoga Capital Advisors LLC increased its position in shares of CCC Intelligent Solutions by 29.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company’s stock worth $143,822,000 after purchasing an additional 2,752,950 shares during the last quarter. Berry Wealth Group LP boosted its stake in CCC Intelligent Solutions by 5.8% during the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock worth $237,000 after buying an additional 1,109 shares during the period. Chicago Partners Investment Group LLC boosted its stake in CCC Intelligent Solutions by 21.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 17,686 shares of the company’s stock worth $203,000 after buying an additional 3,090 shares during the period. Norris Perne & French LLP MI increased its position in shares of CCC Intelligent Solutions by 11.0% during the fourth quarter. Norris Perne & French LLP MI now owns 378,769 shares of the company’s stock valued at $4,443,000 after acquiring an additional 37,402 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of CCC Intelligent Solutions by 55.9% in the 4th quarter. KBC Group NV now owns 16,075 shares of the company’s stock valued at $189,000 after acquiring an additional 5,761 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 1.7 %

NYSE:CCCS opened at $10.75 on Monday. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $9.79 and a 12-month high of $12.88. The firm has a market cap of $7.05 billion, a PE ratio of 537.77 and a beta of 0.71. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $11.48 and a 200 day moving average price of $11.21.

CCC Intelligent Solutions declared that its board has approved a share repurchase plan on Friday, December 20th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 75,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $900,750.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Crescenzo Neil E. De acquired 100,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $12.16 per share, with a total value of $1,216,000.00. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at approximately $1,216,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 347,511 shares of company stock valued at $4,267,236 in the last quarter. Corporate insiders own 6.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Barclays dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Piper Sandler reissued a “neutral” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

CCC Intelligent Solutions Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.