Pembroke Management LTD Has $12.96 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Pembroke Management LTD trimmed its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,104,636 shares of the company’s stock after selling 12,627 shares during the period. CCC Intelligent Solutions makes up about 1.7% of Pembroke Management LTD’s investment portfolio, making the stock its 28th biggest position. Pembroke Management LTD’s holdings in CCC Intelligent Solutions were worth $12,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Adero Partners LLC boosted its position in CCC Intelligent Solutions by 118.5% in the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after buying an additional 3,135,650 shares during the last quarter. Norman Fields Gottscho Capital Management LLC boosted its holdings in CCC Intelligent Solutions by 34.5% in the fourth 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. Teachers Retirement System of The State of Kentucky increased its position in CCC Intelligent Solutions by 45.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock worth $1,824,000 after purchasing an additional 51,607 shares during the period. Barclays PLC lifted its position in CCC Intelligent Solutions by 155.7% during the 3rd quarter. Barclays PLC now owns 109,020 shares of the company’s stock valued at $1,205,000 after purchasing an additional 66,386 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of CCC Intelligent Solutions by 12.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 558,595 shares of the company’s stock valued at $6,172,000 after purchasing an additional 61,660 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 1.7 %

NYSE:CCCS opened at $10.75 on Tuesday. The business’s 50-day simple moving average is $11.44 and its 200-day simple moving average is $11.22. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 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. The stock has a market capitalization of $7.05 billion, a PE ratio of 537.77 and a beta of 0.71.

CCC Intelligent Solutions declared that its Board of Directors has approved a stock buyback program on Friday, December 20th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to repurchase up to 4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 75,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $900,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mary Jo Prigge sold 80,724 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.52, for a total value of $1,010,664.48. Following the transaction, the insider now owns 97,268 shares of the company’s stock, valued at approximately $1,217,795.36. The trade was a 45.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 347,511 shares of company stock valued at $4,267,236. 6.67% of the stock is currently owned by corporate insiders.

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.