Hilltop National Bank Raises Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Hilltop National Bank increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,386 shares of the company’s stock after purchasing an additional 1,474 shares during the quarter. Hilltop National Bank’s holdings in CCC Intelligent Solutions were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCCS. Baker Tilly Wealth Management LLC grew its holdings in CCC Intelligent Solutions by 6.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $169,000 after buying an additional 888 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in CCC Intelligent Solutions by 6.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock valued at $197,000 after buying an additional 960 shares in the last quarter. Amalgamated Bank lifted its stake in shares of CCC Intelligent Solutions by 5.8% in the 3rd 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 last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of CCC Intelligent Solutions by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Hardy Reed LLC lifted its stake in shares of CCC Intelligent Solutions by 7.1% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity

In related news, insider Githesh Ramamurthy sold 9,348 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.50, for a total transaction of $107,502.00. Following the transaction, the insider now directly owns 4,798,040 shares in the company, valued at $55,177,460. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Rodney Christo sold 75,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was 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. In the last three months, insiders have sold 443,153 shares of company stock worth $5,390,863. 6.67% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Trading Down 3.5 %

Shares of NYSE CCCS opened at $11.10 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $11.22. The firm has a market cap of $6.94 billion, a PE ratio of 555.28, a price-to-earnings-growth ratio of 6.80 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $238.48 million during 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%. CCC Intelligent Solutions’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. Analysts expect 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 of Directors has approved a share buyback program on Friday, December 20th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

CCC Intelligent Solutions Company 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.