SG Americas Securities LLC Buys Shares of 95,620 CCC Intelligent Solutions Holdings Inc. $CCCS

SG Americas Securities LLC purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 95,620 shares of the company’s stock, valued at approximately $871,000.

Several other institutional investors have also recently made changes to their positions in the company. Triple Frond Partners LLC grew its holdings in CCC Intelligent Solutions by 30.7% during the 2nd quarter. Triple Frond Partners LLC now owns 3,156,000 shares of the company’s stock worth $29,698,000 after acquiring an additional 741,000 shares in the last quarter. Alfreton Capital LLP lifted its position in shares of CCC Intelligent Solutions by 381.0% in the 2nd quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock worth $65,870,000 after purchasing an additional 5,544,792 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CCC Intelligent Solutions by 27.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,201,974 shares of the company’s stock valued at $20,060,000 after purchasing an additional 479,532 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of CCC Intelligent Solutions during the third quarter valued at approximately $17,539,000. Finally, Homestead Advisers Corp increased its holdings in CCC Intelligent Solutions by 36.0% during the second quarter. Homestead Advisers Corp now owns 374,000 shares of the company’s stock valued at $3,519,000 after buying an additional 99,000 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

CCCS has been the subject of a number of analyst reports. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a report on Thursday, October 30th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Piper Sandler cut 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. Barclays reduced 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. Finally, Stifel Nicolaus lowered their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.38.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS opened at $8.00 on Tuesday. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a market cap of $5.21 billion, a PE ratio of 400.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The business has a 50-day simple moving average of $7.70 and a two-hundred day simple moving average of $8.82.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $267.12 million during the quarter, compared to analyst estimates of $265.01 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

About CCC Intelligent Solutions

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.