Conestoga Capital Advisors LLC Sells 3,896,749 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Conestoga Capital Advisors LLC reduced its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 26.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,623,881 shares of the company’s stock after selling 3,896,749 shares during the period. CCC Intelligent Solutions comprises 1.5% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 28th largest position. Conestoga Capital Advisors LLC owned 1.63% of CCC Intelligent Solutions worth $96,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock worth $60,000 after purchasing an additional 1,898 shares during the last quarter. NewEdge Advisors LLC boosted its position in CCC Intelligent Solutions by 68.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock valued at $394,000 after buying an additional 17,633 shares during the period. Goldman Sachs Group Inc. grew its holdings in CCC Intelligent Solutions by 1,761.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company’s stock worth $27,146,000 after acquiring an additional 2,844,773 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CCC Intelligent Solutions by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,145 shares of the company’s stock valued at $11,126,000 after acquiring an additional 74,208 shares during the period. Finally, Jane Street Group LLC increased its position in shares of CCC Intelligent Solutions by 179.6% in the first quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock valued at $6,137,000 after acquiring an additional 436,561 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 1.2%

CCCS opened at $8.45 on Monday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $8.14 and a 52 week high of $12.88. The stock has a market cap of $5.50 billion, a PE ratio of 422.71 and a beta of 0.72. The business has a 50 day moving average of $7.68 and a 200-day moving average of $8.88.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $267.12 million during the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays dropped their target price on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Stifel Nicolaus dropped their price objective 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. Piper Sandler reduced their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a report on Thursday, October 30th. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.38.

CCC Intelligent Solutions Company Profile

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.