CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Bought by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC boosted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 34.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,489 shares of the company’s stock after buying an additional 101,885 shares during the period. CCC Intelligent Solutions accounts for about 1.5% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 16th largest holding. Norman Fields Gottscho Capital Management LLC owned 0.06% of CCC Intelligent Solutions worth $4,663,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CCCS. Central Pacific Bank Trust Division boosted its position in CCC Intelligent Solutions by 6.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock worth $197,000 after acquiring an additional 960 shares during the last quarter. Everence Capital Management Inc. purchased a new position in CCC Intelligent Solutions in the 4th quarter worth approximately $134,000. GAMMA Investing LLC boosted its holdings in shares of 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 during the last quarter. JPMorgan Chase & Co. grew its position in shares of CCC Intelligent Solutions by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 453,911 shares of the company’s stock valued at $5,016,000 after purchasing an additional 85,725 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of CCC Intelligent Solutions by 1.6% in the third quarter. Synovus Financial Corp now owns 228,404 shares of the company’s stock valued at $2,524,000 after purchasing an additional 3,627 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Crescenzo Neil E. De purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average cost of $12.16 per share, for a total transaction of $1,216,000.00. Following the purchase, the director now directly owns 100,000 shares of the company’s stock, valued at $1,216,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Githesh Ramamurthy sold 9,348 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the transaction, the insider now owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 443,153 shares of company stock worth $5,390,863. Corporate insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Stock Down 1.2 %

CCC Intelligent Solutions stock opened at $11.41 on Tuesday. The firm has a market capitalization of $7.14 billion, a P/E ratio of 570.79, a P/E/G ratio of 6.80 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.88. The stock’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $11.22.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the company earned $0.03 EPS. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Piper Sandler reaffirmed a “neutral” rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $13.89.

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.