Ninety One UK Ltd Invests $17.54 Million in CCC Intelligent Solutions Holdings Inc. $CCCS

Ninety One UK Ltd acquired a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,925,192 shares of the company’s stock, valued at approximately $17,539,000. Ninety One UK Ltd owned 0.30% of CCC Intelligent Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CCC Intelligent Solutions in the second quarter worth about $25,000. Osaic Holdings Inc. raised its position in CCC Intelligent Solutions by 293.7% during the second quarter. Osaic Holdings Inc. now owns 3,083 shares of the company’s stock valued at $29,000 after acquiring an additional 2,300 shares in the last quarter. Park Place Capital Corp increased its position in CCC Intelligent Solutions by 47.6% during the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock worth $36,000 after buying an additional 1,228 shares during the last quarter. AlphaQuest LLC bought a new stake in CCC Intelligent Solutions during the 1st quarter valued at approximately $47,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of CCC Intelligent Solutions by 134.8% during the 2nd 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 period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Price Performance

Shares of CCCS opened at $7.95 on Friday. The stock has a market cap of $5.18 billion, a PE ratio of 397.70 and a beta of 0.72. 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 firm has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $8.93.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share 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 business had revenue of $267.12 million for the quarter, compared to analyst estimates of $265.01 million. During the same quarter last year, the company earned $0.10 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCCS. Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Stifel Nicolaus dropped 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. Piper Sandler cut their price objective on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, October 31st. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research note on Thursday, October 30th. Finally, Barclays cut 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 note on Tuesday, October 14th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.