Ninety One UK Ltd Purchases Shares of 1,925,192 CCC Intelligent Solutions Holdings Inc. $CCCS

Ninety One UK Ltd purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,925,192 shares of the company’s stock, valued at approximately $17,539,000.

Several other institutional investors also recently made changes to their positions in CCCS. Advisors Asset Management Inc. raised its position in CCC Intelligent Solutions by 18.3% in the second quarter. Advisors Asset Management Inc. now owns 7,806 shares of the company’s stock valued at $73,000 after purchasing an additional 1,207 shares during the period. Park Place Capital Corp raised its stake in shares of CCC Intelligent Solutions by 47.6% during the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after purchasing an additional 1,228 shares during the period. Curated Wealth Partners LLC boosted its stake in shares of CCC Intelligent Solutions by 11.0% in the third quarter. Curated Wealth Partners LLC now owns 13,273 shares of the company’s stock valued at $121,000 after purchasing an additional 1,315 shares during the period. Valeo Financial Advisors LLC lifted its holdings in CCC Intelligent Solutions by 14.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company’s stock worth $120,000 after buying an additional 1,622 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of CCC Intelligent Solutions by 6.8% during the first quarter. Baird Financial Group Inc. now owns 28,822 shares of the company’s stock valued at $260,000 after acquiring an additional 1,833 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCCS has been the subject of several research reports. Stifel Nicolaus decreased their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Piper Sandler cut their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Barclays dropped their price objective on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research note on Thursday, October 30th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.38.

CCC Intelligent Solutions Stock Down 0.7%

Shares of CCCS opened at $7.95 on Friday. CCC Intelligent Solutions Holdings Inc. has a one year low of $8.14 and a one year high of $12.88. The company has a market capitalization of $5.18 billion, a P/E ratio of 397.70 and a beta of 0.72. 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 business’s 50 day simple moving average is $7.78 and its 200-day simple moving average is $8.93.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $267.12 million for the quarter, compared to analyst estimates of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, sell-side analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

About CCC Intelligent Solutions

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.