CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.89.
Several brokerages have recently issued reports on CCCS. Barclays reduced their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th.
View Our Latest Analysis on CCC Intelligent Solutions
CCC Intelligent Solutions Price Performance
CCC Intelligent Solutions (NYSE:CCCS – Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that CCC Intelligent Solutions will post 0.17 earnings per share for the current fiscal year.
CCC Intelligent Solutions announced that its Board of Directors has authorized a stock 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 purchase up to 4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Insider Buying and Selling at CCC Intelligent Solutions
In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De bought 100,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $12.16 per share, for a total transaction of $1,216,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Githesh Ramamurthy sold 9,348 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the transaction, the insider now owns 4,798,040 shares of the company’s stock, valued at $55,177,460. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 443,153 shares of company stock worth $5,390,863 over the last 90 days. Company insiders own 6.67% of the company’s stock.
Institutional Trading of CCC Intelligent Solutions
A number of large investors have recently modified their holdings of the company. Baker Tilly Wealth Management LLC boosted its holdings in shares of CCC Intelligent Solutions by 6.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $169,000 after purchasing an additional 888 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of CCC Intelligent Solutions by 6.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock valued at $197,000 after purchasing an additional 960 shares during the period. Berry Wealth Group LP boosted its holdings in shares of CCC Intelligent Solutions by 5.8% in the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock valued at $237,000 after purchasing an additional 1,109 shares during the period. Amalgamated Bank boosted its holdings in shares of CCC Intelligent Solutions by 5.8% in 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 during the period. Finally, Hardy Reed LLC boosted its holdings in shares of CCC Intelligent Solutions by 7.1% in the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after purchasing an additional 1,430 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.
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.
See Also
- Five stocks we like better than CCC Intelligent Solutions
- Why is the Ex-Dividend Date Significant to Investors?
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- What Are Dividend Achievers? An Introduction
- What Does the Future Hold for Eli Lilly?
- Retail Stocks Investing, Explained
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for CCC Intelligent Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCC Intelligent Solutions and related companies with MarketBeat.com's FREE daily email newsletter.