Artisan Partners Limited Partnership Lowers Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Artisan Partners Limited Partnership trimmed its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,114,253 shares of the company’s stock after selling 1,941,351 shares during the period. Artisan Partners Limited Partnership owned 4.47% of CCC Intelligent Solutions worth $265,231,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in shares of CCC Intelligent Solutions by 18.3% during the second quarter. Advisors Asset Management Inc. now owns 7,806 shares of the company’s stock valued at $73,000 after purchasing an additional 1,207 shares in the last quarter. Curated Wealth Partners LLC boosted its stake in CCC Intelligent Solutions by 11.0% during the third quarter. Curated Wealth Partners LLC now owns 13,273 shares of the company’s stock valued at $121,000 after buying an additional 1,315 shares during the last quarter. Global Retirement Partners LLC grew its holdings in CCC Intelligent Solutions by 5.6% during the 3rd quarter. Global Retirement Partners LLC now owns 28,544 shares of the company’s stock valued at $260,000 after buying an additional 1,517 shares in the last quarter. Forum Financial Management LP increased its stake in CCC Intelligent Solutions by 7.8% in the 3rd quarter. Forum Financial Management LP now owns 21,653 shares of the company’s stock worth $197,000 after acquiring an additional 1,567 shares during the last quarter. Finally, Associated Banc Corp raised its holdings in shares of CCC Intelligent Solutions by 11.9% during the 3rd quarter. Associated Banc Corp now owns 15,375 shares of the company’s stock worth $140,000 after acquiring an additional 1,633 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CCCS shares. Piper Sandler cut their target price on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, October 31st. Stifel Nicolaus dropped their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, October 30th. 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Trading Up 25.3%

Shares of NYSE CCCS opened at $6.34 on Friday. 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 debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 317.16 and a beta of 0.72. The business’s 50 day moving average price is $7.14 and its 200-day moving average price is $8.18.

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.