HighTower Advisors LLC Sells 16,180 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

HighTower Advisors LLC trimmed its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.7% in the fourth quarter, Holdings Channel reports. The fund owned 586,617 shares of the company’s stock after selling 16,180 shares during the quarter. HighTower Advisors LLC’s holdings in CCC Intelligent Solutions were worth $6,881,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of CCC Intelligent Solutions by 45.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock valued at $1,824,000 after acquiring an additional 51,607 shares during the last quarter. Norman Fields Gottscho Capital Management LLC lifted its stake in shares of CCC Intelligent Solutions by 34.5% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 397,489 shares of the company’s stock valued at $4,663,000 after acquiring an additional 101,885 shares during the last quarter. Barclays PLC lifted its stake in shares of CCC Intelligent Solutions by 155.7% in the 3rd quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after acquiring an additional 66,386 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CCC Intelligent Solutions by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company’s stock valued at $5,016,000 after acquiring an additional 85,725 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in CCC Intelligent Solutions during the 4th quarter worth $28,000. 95.79% of the stock is currently owned by institutional investors.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De acquired 100,000 shares of the stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $12.16 per share, with a total value of $1,216,000.00. Following 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Corporate insiders own 6.67% of the company’s stock.

Analysts Set New Price Targets

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

CCC Intelligent Solutions Stock Performance

CCCS stock opened at $9.26 on Wednesday. The stock has a 50-day moving average price of $10.58 and a 200-day moving average price of $11.12. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.83 and a 1-year high of $12.88. 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 firm has a market cap of $6.09 billion, a PE ratio of 463.23 and a beta of 0.73.

CCC Intelligent Solutions announced that its Board of Directors has approved a share repurchase plan on Friday, December 20th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase up to 4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

CCC Intelligent Solutions Company 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.