Curated Wealth Partners LLC Acquires Shares of 10,044 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Curated Wealth Partners LLC acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,044 shares of the company’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in CCC Intelligent Solutions by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,632,968 shares of the company’s stock valued at $51,482,000 after acquiring an additional 1,831,135 shares during the last quarter. Amalgamated Bank raised its position in CCC Intelligent Solutions by 25.8% during the 2nd quarter. Amalgamated Bank now owns 22,423 shares of the company’s stock worth $249,000 after buying an additional 4,596 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of CCC Intelligent Solutions by 95.0% in the 2nd quarter. Hsbc Holdings PLC now owns 20,255 shares of the company’s stock worth $225,000 after acquiring an additional 9,866 shares during the period. Intech Investment Management LLC boosted its holdings in shares of CCC Intelligent Solutions by 33.2% in the second quarter. Intech Investment Management LLC now owns 15,795 shares of the company’s stock valued at $175,000 after acquiring an additional 3,937 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of CCC Intelligent Solutions by 777.9% during the second quarter. Thrivent Financial for Lutherans now owns 87,905 shares of the company’s stock worth $977,000 after acquiring an additional 77,892 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CCC Intelligent Solutions Stock Down 0.4 %

CCCS stock opened at $11.36 on Friday. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 568.28 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. The firm has a fifty day moving average price of $11.91 and a two-hundred day moving average price of $11.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

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 analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

CCC Intelligent Solutions declared that its board has approved a stock repurchase plan on Friday, December 20th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at CCC Intelligent Solutions

In related news, Director Crescenzo Neil E. De bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $12.16 per share, for a total transaction of $1,216,000.00. Following the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $1,216,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Jo Prigge sold 97,511 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $12.01, for a total value of $1,171,107.11. Following the sale, the insider now directly owns 97,268 shares in the company, valued at approximately $1,168,188.68. The trade was a 50.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have 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.