Barclays PLC Increases Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Barclays PLC lifted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 155.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,020 shares of the company's stock after purchasing an additional 66,386 shares during the quarter. Barclays PLC's holdings in CCC Intelligent Solutions were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CCCS. Amalgamated Bank lifted its holdings in shares of CCC Intelligent Solutions by 5.8% during the third quarter. Amalgamated Bank now owns 23,722 shares of the company's stock valued at $262,000 after purchasing an additional 1,299 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company's stock valued at $745,000 after acquiring an additional 1,390 shares during the period. Hardy Reed LLC boosted its holdings in shares of CCC Intelligent Solutions by 7.1% during the 3rd quarter. Hardy Reed LLC now owns 21,540 shares of the company's stock valued at $238,000 after acquiring an additional 1,430 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company's stock worth $132,000 after acquiring an additional 1,564 shares during the period. Finally, Huntington National Bank raised its holdings in shares of CCC Intelligent Solutions by 37.6% during the third quarter. Huntington National Bank now owns 5,852 shares of the company's stock valued at $65,000 after purchasing an additional 1,599 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock traded down $0.15 during midday trading on Monday, hitting $11.80. The stock had a trading volume of 1,581,293 shares, compared to its average volume of 3,411,493. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $9.79 and a 52-week high of $12.88. The company has a market capitalization of $7.38 billion, a PE ratio of 590.30, a P/E/G ratio of 6.80 and a beta of 0.71. The firm's fifty day moving average is $11.81 and its two-hundred day moving average is $11.21. 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 (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $238.48 million during the quarter, compared to analysts' expectations of $237.41 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

CCC Intelligent Solutions announced that its board has authorized a share repurchase program on Friday, December 20th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

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

Insider Transactions at CCC Intelligent Solutions

In other news, Director Crescenzo Neil E. De bought 100,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average cost of $12.16 per share, for a total transaction of $1,216,000.00. Following the completion of the transaction, the director now owns 100,000 shares of the company's stock, valued at approximately $1,216,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Githesh Ramamurthy sold 9,348 shares of the firm'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 directly owns 4,798,040 shares of the company's stock, valued at approximately $55,177,460. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 443,153 shares of company stock valued at $5,390,863 over the last 90 days. Company insiders own 6.67% of the company's stock.

CCC Intelligent Solutions 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.