CCC Intelligent Solutions Holdings Inc. $CCCS Stock Position Increased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 27.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,201,974 shares of the company’s stock after buying an additional 479,532 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CCC Intelligent Solutions were worth $20,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in CCC Intelligent Solutions in the second quarter worth about $59,755,000. Artisan Partners Limited Partnership raised its holdings in shares of CCC Intelligent Solutions by 23.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company’s stock worth $292,233,000 after purchasing an additional 5,991,997 shares in the last quarter. Duquesne Family Office LLC bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $50,523,000. Alfreton Capital LLP lifted its stake in CCC Intelligent Solutions by 381.0% during the second quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock valued at $65,870,000 after purchasing an additional 5,544,792 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings 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 buying an additional 4,903,086 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays dropped 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. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research report on Thursday, October 30th. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. 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 report on Friday, October 31st. Finally, Piper Sandler reduced their price objective on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, October 31st. Four research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $8.12 on Wednesday. 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 current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 406.20 and a beta of 0.72. The stock’s fifty day simple moving average is $7.82 and its 200-day simple moving average is $8.94.

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