Fort Washington Investment Advisors Inc. OH Has $21.74 Million Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Fort Washington Investment Advisors Inc. OH increased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,853,183 shares of the company’s stock after buying an additional 108,510 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CCC Intelligent Solutions were worth $21,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC lifted its position in shares of CCC Intelligent Solutions by 31.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after buying an additional 3,809,200 shares during the period. Adero Partners LLC boosted its stake in shares of CCC Intelligent Solutions by 118.5% in the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after purchasing an additional 3,135,650 shares in the last quarter. Norman Fields Gottscho Capital Management LLC grew its holdings in shares of CCC Intelligent Solutions by 34.5% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 397,489 shares of the company’s stock worth $4,663,000 after purchasing an additional 101,885 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of CCC Intelligent Solutions by 45.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock worth $1,824,000 after purchasing an additional 51,607 shares in the last quarter. Finally, Barclays PLC increased its position in shares of CCC Intelligent Solutions by 155.7% during the 3rd quarter. Barclays PLC now owns 109,020 shares of the company’s stock worth $1,205,000 after purchasing an additional 66,386 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS opened at $11.70 on Thursday. 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 1-year low of $9.79 and a 1-year high of $12.88. The stock has a market capitalization of $7.68 billion, a P/E ratio of 585.29 and a beta of 0.72. The business has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $11.22.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $238.48 million for the quarter, compared to analyst estimates of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

CCC Intelligent Solutions declared that its board has authorized a stock buyback plan on Friday, December 20th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 9,916 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $125,635.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Crescenzo Neil E. De acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $1,216,000.00. Following the purchase, the director now directly owns 100,000 shares in the company, valued at $1,216,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 443,153 shares of company stock worth $5,390,863. 6.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Piper Sandler restated a “neutral” rating and set a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Finally, Barclays reduced their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.89.

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.