Riverbridge Partners LLC Invests $35.01 Million in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Riverbridge Partners LLC bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,024,336 shares of the company’s stock, valued at approximately $35,012,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of CCC Intelligent Solutions during the third quarter valued at approximately $898,000. Parkwood LLC grew its position in CCC Intelligent Solutions by 38.9% during the third quarter. Parkwood LLC now owns 81,749 shares of the company’s stock worth $744,000 after buying an additional 22,894 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new position in CCC Intelligent Solutions during the second quarter worth about $538,000. Thornburg Investment Management Inc. purchased a new position in shares of CCC Intelligent Solutions in the 3rd quarter worth about $11,141,000. Finally, Parsifal Capital Management LP boosted its holdings in shares of CCC Intelligent Solutions by 8.6% in the 3rd quarter. Parsifal Capital Management LP now owns 3,464,762 shares of the company’s stock worth $31,529,000 after purchasing an additional 275,060 shares in the last quarter. 96.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of CCC Intelligent Solutions in a research report on Friday, March 3rd. Piper Sandler raised their price objective on CCC Intelligent Solutions from $9.80 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.71.

CCC Intelligent Solutions Stock Down 0.7 %

Shares of NYSE:CCCS opened at $8.88 on Friday. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $7.41 and a 1 year high of $11.54. The business has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $8.96. The firm has a market capitalization of $5.55 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.16 and a quick ratio of 3.16.

CCC Intelligent Solutions Profile

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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.