Global Retirement Partners LLC Buys 23,383 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Global Retirement Partners LLC raised its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 1,878.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,628 shares of the company’s stock after purchasing an additional 23,383 shares during the period. Global Retirement Partners LLC’s holdings in CCC Intelligent Solutions were worth $289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at about $25,000. UMB Bank n.a. bought a new stake in CCC Intelligent Solutions during the 4th quarter worth approximately $28,000. Advisors Asset Management Inc. lifted its holdings 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 valued at $32,000 after purchasing an additional 1,729 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of CCC Intelligent Solutions by 286.9% in the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after purchasing an additional 2,479 shares during the period. Finally, Financial Management Professionals Inc. purchased a new stake in shares of CCC Intelligent Solutions in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $12.16 per share, with a total value of $1,216,000.00. Following the completion of the acquisition, the director now owns 100,000 shares in the company, valued at $1,216,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $10.23 on Tuesday. The company has a market capitalization of $6.71 billion, a P/E ratio of 511.76 and a beta of 0.71. The business’s 50-day moving average is $11.27 and its 200 day moving average is $11.23. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.88.

CCC Intelligent Solutions declared that its Board of Directors has approved a share repurchase program on Friday, December 20th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase up to 4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CCCS shares. Barclays lowered their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday. JPMorgan Chase & Co. increased their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Finally, Piper Sandler restated a “neutral” rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.