GW&K Investment Management LLC Grows Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

GW&K Investment Management LLC grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,821,079 shares of the company's stock after buying an additional 117,407 shares during the quarter. GW&K Investment Management LLC owned 1.04% of CCC Intelligent Solutions worth $80,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CCCS. Norris Perne & French LLP MI lifted its holdings in CCC Intelligent Solutions by 10.3% during the 3rd quarter. Norris Perne & French LLP MI now owns 341,367 shares of the company's stock worth $3,772,000 after buying an additional 31,950 shares in the last quarter. Stephens Inc. AR increased its position in shares of CCC Intelligent Solutions by 47.1% during the third quarter. Stephens Inc. AR now owns 25,296 shares of the company's stock worth $280,000 after acquiring an additional 8,103 shares during the period. New York State Common Retirement Fund raised its stake in shares of CCC Intelligent Solutions by 1.6% in the third quarter. New York State Common Retirement Fund now owns 2,371,135 shares of the company's stock valued at $26,201,000 after acquiring an additional 36,867 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in CCC Intelligent Solutions by 18.7% in the third quarter. Conestoga Capital Advisors LLC now owns 9,508,085 shares of the company's stock valued at $105,064,000 after purchasing an additional 1,498,200 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its holdings in CCC Intelligent Solutions by 15.5% in the third quarter. Chicago Partners Investment Group LLC now owns 14,596 shares of the company's stock valued at $162,000 after purchasing an additional 1,957 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

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Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De purchased 100,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price 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 in the company, valued at approximately $1,216,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The disclosure for this sale can be found here. Insiders own 6.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $11.00 price target (down previously from $13.00) on shares of CCC Intelligent Solutions in a research report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Finally, Morgan Stanley raised shares of CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.38.

CCC Intelligent Solutions Stock Down 3.8 %

Shares of CCC Intelligent Solutions stock traded down $0.38 during trading hours on Tuesday, hitting $9.66. The company had a trading volume of 11,391,552 shares, compared to its average volume of 5,059,583. The company's 50-day moving average is $11.10 and its two-hundred day moving average is $11.23. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.66 and a twelve month 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 $6.34 billion, a P/E ratio of 483.24 and a beta of 0.71.

CCC Intelligent Solutions announced that its board has authorized a share repurchase program on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.