Segall Bryant & Hamill LLC Has $16.45 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Segall Bryant & Hamill LLC increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,402,390 shares of the company’s stock after purchasing an additional 48,399 shares during the period. Segall Bryant & Hamill LLC owned about 0.21% of CCC Intelligent Solutions worth $16,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC increased its stake in CCC Intelligent Solutions by 5.9% in the 4th quarter. Cannon Global Investment Management LLC now owns 54,000 shares of the company’s stock valued at $633,000 after buying an additional 3,000 shares during the period. Summit Creek Advisors LLC increased its stake in shares of CCC Intelligent Solutions by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 2,142,150 shares of the company’s stock worth $25,127,000 after acquiring an additional 6,403 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CCC Intelligent Solutions by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company’s stock worth $602,772,000 after acquiring an additional 847,334 shares during the last quarter. LPL Financial LLC raised its holdings in shares of CCC Intelligent Solutions by 290.4% during the fourth quarter. LPL Financial LLC now owns 156,577 shares of the company’s stock worth $1,837,000 after acquiring an additional 116,474 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in CCC Intelligent Solutions during the fourth quarter valued at $996,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Stock Up 0.4 %

CCCS stock opened at $9.19 on Wednesday. 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 50-day moving average of $10.37 and a two-hundred day moving average of $11.07. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 459.73 and a beta of 0.73. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.83 and a 52-week high of $12.88.

CCC Intelligent Solutions declared that its Board of Directors has approved a share buyback plan on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at CCC Intelligent Solutions

In related news, Director Eileen Schloss sold 34,055 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.98, for a total transaction of $305,813.90. Following the transaction, the director now owns 54,047 shares of the company’s stock, valued at approximately $485,342.06. The trade was a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The disclosure for this sale can be found here. Insiders sold a total of 42,059,978 shares of company stock worth $434,004,090 in the last 90 days. 6.67% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.