Moody National Bank Trust Division Sells 13,050 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Moody National Bank Trust Division reduced its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 25.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,365 shares of the company’s stock after selling 13,050 shares during the quarter. Moody National Bank Trust Division’s holdings in CCC Intelligent Solutions were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CCCS. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $25,000. Advisors Asset Management Inc. boosted its holdings in CCC Intelligent Solutions by 153.0% in the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock valued at $32,000 after acquiring an additional 1,729 shares in the last quarter. GAMMA Investing LLC increased its position in CCC Intelligent Solutions by 286.9% during the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock valued at $39,000 after purchasing an additional 2,479 shares during the period. Huntington National Bank raised its holdings in CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Hilltop National Bank lifted its position in shares of CCC Intelligent Solutions by 21.3% in the 4th quarter. Hilltop National Bank now owns 8,386 shares of the company’s stock worth $98,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

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

CCC Intelligent Solutions Price Performance

Shares of NYSE:CCCS opened at $10.99 on Wednesday. The business has a fifty day moving average price of $11.94 and a 200-day moving average price of $11.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market capitalization of $6.87 billion, a PE ratio of 549.77, a PEG ratio of 6.68 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $9.79 and a 1-year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data 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 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 last year, the business earned $0.03 EPS. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

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

Insider Buying and Selling

In other news, insider Githesh Ramamurthy sold 9,348 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the completion of the transaction, the insider now directly owns 4,798,040 shares of the company’s stock, valued at $55,177,460. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $11.80, for a total transaction of $885,000.00. The disclosure for this sale can be found here. Insiders sold a total of 443,153 shares of company stock worth $5,390,863 in the last three months. Insiders own 6.67% of the company’s stock.

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.