70,400 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Purchased by T3 Companies LLC

T3 Companies LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) during the third quarter, HoldingsChannel.com reports. The firm purchased 70,400 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after buying an additional 1,189,466 shares during the period. Wasatch Advisors LP grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after buying an additional 5,440,768 shares during the last quarter. Bank of America Corp DE increased its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% during the first quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock valued at $84,026,000 after buying an additional 324,678 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after buying an additional 1,814,248 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock valued at $66,254,000 after buying an additional 695,892 shares during the period. Institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

CCC has been the subject of a number of research analyst reports. Truist Financial set a $7.75 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, October 16th. Stifel Nicolaus reiterated 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. Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Barrington Research lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned 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 $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.64 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $9.44. The firm’s 50 day moving average price is $7.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $4.50 billion, a PE ratio of 95.51 and a beta of 0.47.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. CCC Intelligent Solutions Holdings Inc. Common Stock’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share 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 for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.