Hilltop National Bank Has $98,000 Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Hilltop National Bank lifted its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,386 shares of the company’s stock after buying an additional 1,474 shares during the quarter. Hilltop National Bank’s holdings in CCC Intelligent Solutions were worth $98,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of CCC Intelligent Solutions by 25.8% in the second quarter. Rhumbline Advisers now owns 351,738 shares of the company’s stock valued at $3,908,000 after acquiring an additional 72,106 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of CCC Intelligent Solutions by 70.4% in the second quarter. Victory Capital Management Inc. now owns 50,094 shares of the company’s stock valued at $557,000 after buying an additional 20,695 shares during the period. Arizona State Retirement System increased its position in CCC Intelligent Solutions by 29.8% during the 2nd quarter. Arizona State Retirement System now owns 85,981 shares of the company’s stock valued at $955,000 after purchasing an additional 19,741 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in CCC Intelligent Solutions during the 2nd quarter valued at approximately $528,000. Finally, Wrapmanager Inc. acquired a new stake in shares of CCC Intelligent Solutions during the 2nd quarter worth approximately $259,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Crescenzo Neil E. De bought 100,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $12.16 per share, with a total value of $1,216,000.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rodney Christo sold 75,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were 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. Insiders have sold a total of 443,153 shares of company stock valued at $5,390,863 over the last ninety days. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $11.10 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.88. The stock has a 50 day moving average price of $11.93 and a two-hundred day moving average price of $11.22. The company has a market capitalization of $6.94 billion, a P/E ratio of 555.28, a PEG ratio of 6.80 and a beta of 0.72.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. Analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

CCCS has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Piper Sandler reiterated a “neutral” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley raised CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $15.00 in a report on Wednesday, November 13th. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions has an average rating of “Moderate Buy” and a consensus price target of $13.89.

About CCC Intelligent Solutions

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.