B. Metzler seel. Sohn & Co. AG Decreases Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

B. Metzler seel. Sohn & Co. AG decreased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 12.3% in the 4th quarter, HoldingsChannel reports. The fund owned 180,378 shares of the company’s stock after selling 25,393 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in CCC Intelligent Solutions were worth $2,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCCS. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions in the 4th quarter valued at about $25,000. UMB Bank n.a. acquired a new position in CCC Intelligent Solutions during the fourth quarter worth about $28,000. TD Private Client Wealth LLC purchased a new position in CCC Intelligent Solutions in the fourth quarter valued at about $31,000. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 2,479 shares during the period. Finally, Financial Management Professionals Inc. purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCCS has been the subject of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.14.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the stock in a transaction on Friday, March 21st. The stock was 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 $485,342.06. This represents a 38.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Rodney Christo sold 20,077 shares of CCC Intelligent Solutions stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Insiders have sold 42,059,978 shares of company stock valued at $434,004,090 in the last ninety days. Insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Stock Down 2.5 %

CCCS opened at $8.83 on Thursday. The business’s fifty day simple moving average is $10.10 and its 200 day simple moving average is $11.00. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.68 and a 52 week high of $12.88. The firm has a market cap of $5.81 billion, a P/E ratio of 441.72 and a beta of 0.73. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions declared that its board 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 often an indication that the company’s board of directors believes its stock is undervalued.

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.