Norris Perne & French LLP MI Sells 365,290 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Norris Perne & French LLP MI decreased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 83.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,581 shares of the company’s stock after selling 365,290 shares during the period. Norris Perne & French LLP MI’s holdings in CCC Intelligent Solutions were worth $679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCCS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CCC Intelligent Solutions in the 2nd quarter worth approximately $25,000. Osaic Holdings Inc. grew its holdings in CCC Intelligent Solutions by 293.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,083 shares of the company’s stock valued at $29,000 after buying an additional 2,300 shares in the last quarter. Park Place Capital Corp raised its position 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 buying an additional 1,228 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of CCC Intelligent Solutions in the first quarter worth $47,000. Finally, First Horizon Advisors Inc. boosted its position in shares of CCC Intelligent Solutions by 134.8% during the second quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock worth $60,000 after acquiring an additional 3,679 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Up 1.0%

Shares of NYSE CCCS opened at $8.09 on Monday. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88. 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 moving average is $7.86 and its two-hundred day moving average is $8.95. The stock has a market capitalization of $5.27 billion, a P/E ratio of 404.70 and a beta of 0.72.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $267.12 million during the quarter, compared to analysts’ expectations of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on CCCS shares. Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Barclays decreased their target price on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report 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. Finally, 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 report on Friday, October 31st. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.38.

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.