CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,853,183 shares of the company's stock after buying an additional 108,510 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.30% of CCC Intelligent Solutions worth $21,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions during the 4th quarter worth about $25,000. UMB Bank n.a. acquired a new position in CCC Intelligent Solutions during the fourth quarter worth approximately $28,000. Advisors Asset Management Inc. raised its stake in CCC Intelligent Solutions by 153.0% during the third 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. GAMMA Investing LLC boosted its holdings in shares of CCC Intelligent Solutions by 286.9% in the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock valued at $39,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider Githesh Ramamurthy sold 9,348 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 75,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 443,153 shares of company stock valued at $5,390,863 in the last three months. Corporate insiders own 6.67% of the company's stock.

CCC Intelligent Solutions Stock Down 2.4 %

CCCS traded down $0.28 during trading hours on Thursday, reaching $11.42. 2,697,402 shares of the stock traded hands, compared to its average volume of 3,802,007. 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 company has a market cap of $7.49 billion, a price-to-earnings ratio of 571.19 and a beta of 0.72. The firm's fifty day simple moving average is $11.92 and its two-hundred day simple moving average is $11.22.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results 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. The business had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, analysts forecast 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 has authorized a stock repurchase plan on Friday, December 20th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to reacquire up to 4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.