Summit Creek Advisors LLC Reduces Stock Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Summit Creek Advisors LLC decreased its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,918,485 shares of the company’s stock after selling 132,852 shares during the quarter. CCC Intelligent Solutions comprises approximately 2.5% of Summit Creek Advisors LLC’s holdings, making the stock its 9th largest position. Summit Creek Advisors LLC owned approximately 0.29% of CCC Intelligent Solutions worth $17,477,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Artisan Partners Limited Partnership lifted its holdings in CCC Intelligent Solutions by 23.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 31,055,604 shares of the company’s stock valued at $292,233,000 after acquiring an additional 5,991,997 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of CCC Intelligent Solutions by 9.8% in the 2nd quarter. Brown Advisory Inc. now owns 20,150,876 shares of the company’s stock worth $189,620,000 after purchasing an additional 1,804,084 shares in the last quarter. Bessemer Group Inc. lifted its stake in CCC Intelligent Solutions by 49.5% during the second quarter. Bessemer Group Inc. now owns 14,805,779 shares of the company’s stock valued at $139,321,000 after purchasing an additional 4,903,086 shares during the last quarter. Akre Capital Management LLC boosted its holdings in CCC Intelligent Solutions by 12.0% during the second quarter. Akre Capital Management LLC now owns 14,770,128 shares of the company’s stock worth $138,987,000 after buying an additional 1,579,744 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in CCC Intelligent Solutions by 16.7% during the second quarter. Conestoga Capital Advisors LLC now owns 14,520,630 shares of the company’s stock worth $136,639,000 after buying an additional 2,081,265 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Down 1.2%

NYSE:CCCS opened at $8.45 on Monday. The business’s fifty day moving average price is $7.68 and its 200 day moving average price is $8.88. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 422.71 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.14 and a 1-year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 5.35% and a net margin of 5.02%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. On average, sell-side analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCCS has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research report on Thursday, October 30th. Barclays reduced their target price on 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. Piper Sandler cut their price objective on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Stifel Nicolaus decreased their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.38.

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.