CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 169,795 shares of the company’s stock after buying an additional 4,429 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CCC Intelligent Solutions were worth $1,992,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Eagle Bay Advisors LLC purchased a new stake in CCC Intelligent Solutions during the fourth quarter valued at about $25,000. UMB Bank n.a. purchased a new stake in shares of CCC Intelligent Solutions in the 4th quarter valued at approximately $28,000. TD Private Client Wealth LLC acquired a new position in CCC Intelligent Solutions in the 4th quarter worth approximately $31,000. GAMMA Investing LLC grew its position in CCC Intelligent Solutions by 286.9% during 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 valued at $54,000. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

CCCS has been the topic of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.14.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 20,077 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.20, for a total transaction of $204,785.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eileen Schloss sold 34,055 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.98, for a total value of $305,813.90. Following the sale, the director now owns 54,047 shares of the company’s stock, valued at approximately $485,342.06. This trade represents a 38.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,059,978 shares of company stock valued at $434,004,090. 6.67% of the stock is currently owned by corporate insiders.

CCC Intelligent Solutions Stock Down 2.5 %

CCCS opened at $8.83 on Thursday. The company has a market capitalization of $5.81 billion, a PE ratio of 441.72 and a beta of 0.73. The business has a 50-day moving average of $10.10 and a 200-day moving average of $11.00. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.68 and a fifty-two week high of $12.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

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

About CCC Intelligent Solutions

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.