Central Pacific Bank Trust Division Purchases 960 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Central Pacific Bank Trust Division boosted its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 16,760 shares of the company’s stock after buying an additional 960 shares during the period. Central Pacific Bank Trust Division’s holdings in CCC Intelligent Solutions were worth $197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCCS. Advisors Asset Management Inc. increased its holdings in shares of CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after buying an additional 1,729 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 in the last quarter. Huntington National Bank raised its position in CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock valued at $65,000 after purchasing an additional 1,599 shares during the last quarter. Marco Investment Management LLC bought a new position in CCC Intelligent Solutions in the 3rd quarter valued at $113,000. Finally, KBC Group NV boosted its stake in CCC Intelligent Solutions by 81.7% in the third quarter. KBC Group NV now owns 10,314 shares of the company’s stock worth $114,000 after purchasing an additional 4,637 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

CCCS stock opened at $11.55 on Friday. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a market cap of $7.22 billion, a P/E ratio of 577.79, a price-to-earnings-growth ratio of 6.80 and a beta of 0.71. The business’s fifty day moving average is $11.86 and its 200-day moving average is $11.22.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

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.

Analysts Set New Price Targets

CCCS has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. 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. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Piper Sandler reaffirmed a “neutral” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, December 11th. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.89.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De bought 100,000 shares of CCC Intelligent Solutions stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of $12.16 per share, for a total transaction of $1,216,000.00. Following the completion of the acquisition, the director now owns 100,000 shares in the company, valued at approximately $1,216,000. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rodney Christo sold 75,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 443,153 shares of company stock worth $5,390,863. 6.67% of the stock is currently owned by company insiders.

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.