CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Xponance Inc.

Xponance Inc. boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,060 shares of the company’s stock after purchasing an additional 2,378 shares during the period. Xponance Inc.’s holdings in CCC Intelligent Solutions were worth $270,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CCCS. Eagle Bay Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at $25,000. UMB Bank n.a. purchased a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at $28,000. Advisors Asset Management Inc. boosted its position in shares of CCC Intelligent Solutions by 153.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after purchasing an additional 1,729 shares during the period. GAMMA Investing LLC increased its stake in CCC Intelligent Solutions by 286.9% in the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after purchasing an additional 2,479 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in CCC Intelligent Solutions during the 4th quarter worth about $54,000. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Trading Down 0.4 %

Shares of NYSE:CCCS opened at $9.07 on Friday. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.83 and a 12-month high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $5.96 billion, a P/E ratio of 453.73 and a beta of 0.73. The firm has a fifty day moving average of $10.29 and a two-hundred day moving average of $11.04.

CCC Intelligent Solutions announced that its board has initiated a stock repurchase program on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy up to 4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler reissued a “neutral” rating and issued a $11.00 target price (down from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

Insider Activity at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,846 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric Wei sold 42,000,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the completion of the sale, the director now owns 2,258,343 shares of the company’s stock, valued at $23,306,099.76. This represents a 94.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,059,978 shares of company stock valued at $434,004,090. Insiders own 6.67% of the company’s stock.

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.