831,373 CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. cut its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,258,614 shares of the company’s stock after selling 831,373 shares during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock accounts for 3.1% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 4th largest position. Van Berkom & Associates Inc.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $88,302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Reinhart Partners LLC. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter worth $41,941,000. Wellington Management Group LLP acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth $17,869,000. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 322.5% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 3,951,767 shares of the company’s stock worth $26,319,000 after purchasing an additional 3,016,507 shares during the period. London Co. of Virginia increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% during the 1st quarter. London Co. of Virginia now owns 8,741,590 shares of the company’s stock worth $52,450,000 after purchasing an additional 3,007,687 shares during the period. Finally, Alfreton Capital LLP raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% in the 1st quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock valued at $64,668,000 after purchasing an additional 1,978,074 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 price objective for the company. in a research note on Thursday, October 15th. Evercore downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Barrington Research downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock has an average rating of “Hold” and an average target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.69 on Tuesday. The stock has a market cap of $4.55 billion, a P/E ratio of 59.15, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. The company has a fifty day simple moving average of $7.16 and a 200-day simple moving average of $6.09. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $8.68. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.68.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its earnings results on Thursday, October 29th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $294.09 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 9.11% and a net margin of 6.54%. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

CCC Intelligent Solutions Holdings Inc. Common Stock Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and data solutions for the property and casualty insurance economy. Its platform supports workflows that connect insurers, collision repair facilities, automotive manufacturers, parts suppliers and other participants involved in vehicle claims.

The company’s products help manage claims from initial reporting and damage assessment through repair estimates, parts sourcing and communications. Its tools also use artificial intelligence and data analytics to support decision-making and automate aspects of claims and repair processes.

Based in Chicago, CCC traces its roots to 1980 and serves customers primarily in the United States.