CCC Intelligent Solutions Holdings Inc. $CCCS Shares Bought by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lifted its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,523,592 shares of the company’s stock after acquiring an additional 780,241 shares during the quarter. CCC Intelligent Solutions accounts for 2.5% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 13th largest position. Van Berkom & Associates Inc. owned 1.46% of CCC Intelligent Solutions worth $86,760,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CCCS. Principal Financial Group Inc. grew its stake in shares of CCC Intelligent Solutions by 20.4% in the third quarter. Principal Financial Group Inc. now owns 38,305,155 shares of the company’s stock valued at $348,960,000 after buying an additional 6,501,213 shares in the last quarter. Norges Bank purchased a new position in CCC Intelligent Solutions during the 2nd quarter valued at about $59,755,000. Artisan Partners Limited Partnership boosted its holdings in CCC Intelligent Solutions by 23.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company’s stock valued at $292,233,000 after acquiring an additional 5,991,997 shares during the period. Alfreton Capital LLP grew its position in CCC Intelligent Solutions by 381.0% in the 2nd quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock valued at $65,870,000 after acquiring an additional 5,544,792 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in CCC Intelligent Solutions by 49.5% during the second quarter. Bessemer Group Inc. now owns 14,805,779 shares of the company’s stock worth $139,321,000 after purchasing an additional 4,903,086 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS opened at $7.49 on Wednesday. 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 Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The stock has a 50 day moving average price of $7.81 and a 200 day moving average price of $8.68. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 374.69 and a beta of 0.72.

Analyst Ratings Changes

Several research firms have recently commented on CCCS. Jefferies Financial Group set a $11.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, October 30th. Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Piper Sandler reduced their price objective on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus lowered their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Barclays cut their price target 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. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CCC Intelligent Solutions has a consensus rating of “Hold” and an average price target of $11.38.

CCC Intelligent Solutions Company Profile

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.