Alfreton Capital LLP Has $17.12 Million Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Alfreton Capital LLP reduced its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,459,831 shares of the company's stock after selling 540,169 shares during the quarter. CCC Intelligent Solutions accounts for 6.2% of Alfreton Capital LLP's holdings, making the stock its 5th biggest holding. Alfreton Capital LLP owned approximately 0.22% of CCC Intelligent Solutions worth $17,124,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. increased its stake in shares of CCC Intelligent Solutions by 5.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 28,625 shares of the company's stock valued at $336,000 after purchasing an additional 1,527 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CCC Intelligent Solutions by 34.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,196 shares of the company's stock valued at $1,187,000 after buying an additional 25,702 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in CCC Intelligent Solutions by 15.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,332,305 shares of the company's stock valued at $15,862,000 after acquiring an additional 176,939 shares during the last quarter. Marco Investment Management LLC raised its stake in CCC Intelligent Solutions by 29.8% during the fourth quarter. Marco Investment Management LLC now owns 13,275 shares of the company's stock worth $156,000 after acquiring an additional 3,050 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of CCC Intelligent Solutions in the fourth quarter worth about $31,020,000. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Down 0.8 %

Shares of CCC Intelligent Solutions stock opened at $9.13 on Thursday. The stock's 50-day moving average is $10.75 and its 200 day moving average is $11.16. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.83 and a one year high of $12.88. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 456.73 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

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CCC Intelligent Solutions announced that its board has approved 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 repurchase up to 4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

CCCS has been the subject of several research reports. Piper Sandler reissued a "neutral" rating and issued a $11.00 price objective (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Morgan Stanley upgraded 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. Barrington Research reissued an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.38.

Insider Activity at CCC Intelligent Solutions

In other news, Director Crescenzo Neil E. De acquired 100,000 shares of CCC Intelligent Solutions stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $12.16 per share, with a total value of $1,216,000.00. Following the completion of the purchase, the director now owns 100,000 shares of the company's stock, valued at approximately $1,216,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Rodney Christo sold 20,077 shares of the company's stock in a transaction that occurred on 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. 6.67% of the stock is 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.

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