CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.00.

A number of research firms have weighed in on CCCS. Piper Sandler reissued a “neutral” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a research note on Wednesday, December 11th. Barrington Research reissued an “outperform” rating and set a $14.00 price objective 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 boosted their price objective for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays lowered their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

Insider Activity

In related news, CAO Rodney Christo sold 9,916 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $12.67, for a total transaction of $125,635.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Jo Prigge sold 19,276 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $12.67, for a total value of $244,226.92. Following the transaction, the insider now directly owns 97,268 shares in the company, valued at approximately $1,232,385.56. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.67% of the company’s stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

Several hedge funds have recently bought and sold shares of CCCS. Eagle Bay Advisors LLC purchased a new stake in CCC Intelligent Solutions during the 4th quarter worth about $25,000. UMB Bank n.a. purchased a new stake in CCC Intelligent Solutions during the 4th quarter worth about $28,000. TD Private Client Wealth LLC purchased a new stake in CCC Intelligent Solutions during the 4th quarter worth about $31,000. Advisors Asset Management Inc. increased its holdings in CCC Intelligent Solutions by 153.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after purchasing an additional 1,729 shares during the period. Finally, Quarry LP purchased a new stake in CCC Intelligent Solutions during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Down 0.1 %

Shares of CCCS opened at $10.57 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions has a one year low of $9.79 and a one year high of $12.88. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 528.76 and a beta of 0.71. The stock has a 50 day moving average price of $11.34 and a 200 day moving average price of $11.21.

CCC Intelligent Solutions declared that its Board of Directors has approved a stock buyback plan on Friday, December 20th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership 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.