CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Purchased by Lindenwold Advisors INC

Lindenwold Advisors INC lifted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,025 shares of the company’s stock after purchasing an additional 3,975 shares during the period. Lindenwold Advisors INC’s holdings in CCC Intelligent Solutions were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CCCS. Baker Tilly Wealth Management LLC increased its position 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 buying an additional 888 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in CCC Intelligent Solutions by 6.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock valued at $197,000 after acquiring an additional 960 shares during the period. CIBC Asset Management Inc increased its holdings in CCC Intelligent Solutions by 5.9% in the 4th quarter. CIBC Asset Management Inc now owns 19,046 shares of the company’s stock worth $223,000 after acquiring an additional 1,054 shares in the last quarter. Berry Wealth Group LP raised its position in CCC Intelligent Solutions by 5.8% during the fourth quarter. Berry Wealth Group LP now owns 20,224 shares of the company’s stock worth $237,000 after acquiring an additional 1,109 shares during the period. Finally, Arizona State Retirement System lifted its holdings in CCC Intelligent Solutions by 1.0% during the fourth quarter. Arizona State Retirement System now owns 117,507 shares of the company’s stock valued at $1,378,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Down 1.5 %

Shares of NYSE CCCS opened at $9.26 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $10.58 and a 200 day moving average of $11.12. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.83 and a 12-month high of $12.88. The stock has a market cap of $6.09 billion, a PE ratio of 463.23 and a beta of 0.73.

CCC Intelligent Solutions declared that its Board of Directors has authorized a stock 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CAO Rodney Christo sold 20,077 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Wei sold 42,000,000 shares of CCC Intelligent Solutions stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now directly owns 2,258,343 shares in the company, valued at $23,306,099.76. This trade represents a 94.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.67% of the company’s stock.

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.