CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Stock: Ninety One UK Ltd Reduces Position

Ninety One UK Ltd cut its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,107,171 shares of the company’s stock after selling 122,356 shares during the quarter. Ninety One UK Ltd owned approximately 0.53% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $20,694,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CCC. Nykredit A S purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after buying an additional 4,644 shares in the last quarter. Essential Partners LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth $38,000. IFP Advisors Inc increased its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% in the second quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock worth $42,000 after buying an additional 4,088 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter worth $53,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Key CCC Intelligent Solutions Holdings Inc. Common Stock News

Here are the key news stories impacting CCC Intelligent Solutions Holdings Inc. Common Stock this week:

• Positive Sentiment: CCC entered into a definitive agreement to be acquired by a consortium led by GTCR and including Elliott Investment Management in an all-cash transaction valued at approximately $6.1 billion in enterprise value. Shareholders will receive $7.75 per share in cash, providing a clear valuation reference and limiting near-term downside if the deal closes. CCC Intelligent Solutions Signs Definitive Agreement to Be Acquired by GTCR and Elliott
• Positive Sentiment: The transaction gives investors an immediate cash-exit opportunity and reflects private-equity interest in CCC’s software and AI platform serving the insurance industry. Reports variously described the deal’s value as approximately $4.6 billion to $4.9 billion, likely reflecting differences between equity value and enterprise value. GTCR, Elliott Acquire Software Firm CCC for $4.6 Billion
• Neutral Sentiment: CCC’s board approved the agreement, but the acquisition remains subject to customary closing conditions and shareholder and regulatory approvals. The stock may therefore trade near, but not necessarily at, the $7.75 offer price until completion. CCC Intelligent Solutions to Be Acquired by GTCR and Elliott for $7.75 a Share in Cash
• Negative Sentiment: Investor-rights firm Halper Sadeh said it is investigating whether CCC shareholders are receiving fair value. Such investigations can add headline and litigation risk, although they do not necessarily prevent the transaction from closing. Halper Sadeh Investigation of CCC Acquisition

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Citigroup raised their price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Jefferies Financial Group lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and an average target price of $9.31.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 0.1%

Shares of NASDAQ CCC opened at $7.63 on Friday. The company’s 50 day moving average price is $7.01. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $9.44. The firm has a market capitalization of $4.49 billion, a PE ratio of 36.38 and a beta of 0.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its earnings results on Thursday, July 30th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The firm’s revenue was up 9.8% on a year-over-year basis. On average, analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.