CCC Intelligent Solutions Holdings Inc. $CCCS is Summit Creek Advisors LLC’s 9th Largest Position

Summit Creek Advisors LLC lowered its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,918,485 shares of the company’s stock after selling 132,852 shares during the quarter. CCC Intelligent Solutions makes up approximately 2.5% of Summit Creek Advisors LLC’s holdings, making the stock its 9th biggest position. Summit Creek Advisors LLC’s holdings in CCC Intelligent Solutions were worth $17,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Artisan Partners Limited Partnership increased its holdings in CCC Intelligent Solutions by 23.9% in the second quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company’s stock worth $292,233,000 after buying an additional 5,991,997 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of CCC Intelligent Solutions by 9.8% during the 2nd quarter. Brown Advisory Inc. now owns 20,150,876 shares of the company’s stock worth $189,620,000 after purchasing an additional 1,804,084 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of CCC Intelligent Solutions by 49.5% during the 2nd quarter. Bessemer Group Inc. now owns 14,805,779 shares of the company’s stock valued at $139,321,000 after purchasing an additional 4,903,086 shares in the last quarter. Akre Capital Management LLC lifted its stake in shares of CCC Intelligent Solutions by 12.0% in the 2nd quarter. Akre Capital Management LLC now owns 14,770,128 shares of the company’s stock valued at $138,987,000 after purchasing an additional 1,579,744 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of CCC Intelligent Solutions by 16.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 14,520,630 shares of the company’s stock valued at $136,639,000 after purchasing an additional 2,081,265 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCCS shares. Barclays lowered their target price on shares of 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. Piper Sandler lowered their price objective 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. Stifel Nicolaus cut their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research report on Thursday, October 30th. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Stock Down 1.2%

CCCS opened at $8.45 on Monday. The business has a 50 day moving average of $7.68 and a 200-day moving average of $8.88. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 422.71 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88.

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

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.