Artisan Partners Limited Partnership Lowers Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Artisan Partners Limited Partnership cut its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,114,253 shares of the company’s stock after selling 1,941,351 shares during the quarter. Artisan Partners Limited Partnership’s holdings in CCC Intelligent Solutions were worth $265,231,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in CCC Intelligent Solutions by 20.4% during the 3rd quarter. Principal Financial Group Inc. now owns 38,305,155 shares of the company’s stock valued at $348,960,000 after purchasing an additional 6,501,213 shares in the last quarter. Triple Frond Partners LLC increased its stake in shares of CCC Intelligent Solutions by 30.7% during the second quarter. Triple Frond Partners LLC now owns 3,156,000 shares of the company’s stock valued at $29,698,000 after buying an additional 741,000 shares during the period. Van Berkom & Associates Inc. raised its holdings in shares of CCC Intelligent Solutions by 8.9% in the third quarter. Van Berkom & Associates Inc. now owns 9,523,592 shares of the company’s stock valued at $86,760,000 after acquiring an additional 780,241 shares in the last quarter. Alfreton Capital LLP lifted its stake in CCC Intelligent Solutions by 381.0% in the second quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock worth $65,870,000 after acquiring an additional 5,544,792 shares during the period. Finally, Vanguard Group Inc. grew its holdings in CCC Intelligent Solutions by 9.4% during the 3rd quarter. Vanguard Group Inc. now owns 65,902,505 shares of the company’s stock worth $600,372,000 after acquiring an additional 5,651,113 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. 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 report on Friday, October 31st. Finally, Piper Sandler cut their price target 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. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued 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.

CCC Intelligent Solutions Trading Up 25.3%

Shares of NYSE:CCCS opened at $6.34 on Friday. The business’s 50-day moving average is $7.14 and its 200 day moving average is $8.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The firm has a market capitalization of $4.13 billion, a P/E ratio of 317.16 and a beta of 0.72.

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.