CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,402,390 shares of the company's stock after purchasing an additional 48,399 shares during the period. Segall Bryant & Hamill LLC owned about 0.21% of CCC Intelligent Solutions worth $16,450,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Eagle Bay Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at approximately $25,000. UMB Bank n.a. acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at about $28,000. TD Private Client Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter valued at about $31,000. Advisors Asset Management Inc. increased its position 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 last quarter. Finally, GAMMA Investing LLC lifted its holdings in CCC Intelligent Solutions by 286.9% in the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock valued at $39,000 after acquiring an additional 2,479 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the completion of the sale, the director now directly owns 2,258,343 shares in the company, valued at $23,306,099.76. The trade was a 94.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eileen Schloss sold 34,055 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.98, for a total transaction of $305,813.90. Following the completion of the transaction, the director now directly owns 54,047 shares in the company, valued at approximately $485,342.06. This represents a 38.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,059,978 shares of company stock worth $434,004,090 in the last 90 days. Company insiders own 6.67% of the company's stock.

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CCC Intelligent Solutions Stock Performance

NYSE CCCS traded down $0.15 on Friday, reaching $8.92. The stock had a trading volume of 7,814,743 shares, compared to its average volume of 4,265,704. The stock has a market cap of $5.87 billion, a P/E ratio of 446.22 and a beta of 0.73. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.83 and a 12-month high of $12.88. The business's 50-day moving average price is $10.24 and its 200 day moving average price is $11.03. 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 declared that its Board of Directors has approved a share buyback program on Friday, December 20th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on CCCS. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Finally, Piper Sandler restated a "neutral" rating and set a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.14.

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.