Segall Bryant & Hamill LLC Purchases 48,399 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Segall Bryant & Hamill LLC increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,402,390 shares of the company’s stock after purchasing an additional 48,399 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in CCC Intelligent Solutions were worth $16,450,000 at the end of the most recent quarter.

Several other institutional 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 during the 4th quarter worth about $25,000. UMB Bank n.a. bought a new stake in CCC Intelligent Solutions during the fourth quarter worth about $28,000. TD Private Client Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter worth approximately $31,000. Advisors Asset Management Inc. boosted its holdings in shares of CCC Intelligent Solutions by 153.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after acquiring an additional 1,729 shares in the last quarter. Finally, 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 worth $39,000 after acquiring an additional 2,479 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Up 0.4 %

NYSE:CCCS opened at $9.19 on Wednesday. The stock’s fifty day simple moving average is $10.37 and its 200-day simple moving average is $11.07. The firm has a market capitalization of $6.04 billion, a P/E ratio of 459.73 and a beta of 0.73. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.83 and a 12-month high of $12.88.

CCC Intelligent Solutions announced that its board has initiated a share repurchase program on Friday, December 20th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on CCCS shares. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.14.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total transaction of $53,490.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eileen Schloss sold 34,055 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.98, for a total value of $305,813.90. Following the completion of the sale, the director now owns 54,047 shares of the company’s stock, valued at $485,342.06. This trade represents a 38.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,059,978 shares of company stock worth $434,004,090. Insiders own 6.67% 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.