CCC Intelligent Solutions Holdings Inc. $CCCS Shares Acquired by Pembroke Management LTD

Pembroke Management LTD increased its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 25.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,335,265 shares of the company’s stock after purchasing an additional 267,782 shares during the quarter. Pembroke Management LTD owned 0.21% of CCC Intelligent Solutions worth $12,164,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CCC Intelligent Solutions during the 2nd quarter worth $25,000. Osaic Holdings Inc. increased its stake in shares of CCC Intelligent Solutions by 293.7% during the second quarter. Osaic Holdings Inc. now owns 3,083 shares of the company’s stock worth $29,000 after acquiring an additional 2,300 shares during the period. Park Place Capital Corp raised its holdings in CCC Intelligent Solutions by 47.6% during the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock worth $36,000 after purchasing an additional 1,228 shares in the last quarter. First Horizon Advisors Inc. lifted its position in CCC Intelligent Solutions by 134.8% in the second quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock valued at $60,000 after purchasing an additional 3,679 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock valued at $60,000 after purchasing an additional 1,898 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Down 1.0%

Shares of CCCS stock opened at $8.07 on Friday. The stock has a market cap of $5.26 billion, a P/E ratio of 403.70 and a beta of 0.72. 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 fifty-two week low of $8.14 and a fifty-two week high of $12.88. The business has a fifty day simple moving average of $7.69 and a 200-day simple moving average of $8.85.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $267.12 million for 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%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. On average, analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stifel Nicolaus dropped their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Piper Sandler dropped 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. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Jefferies Financial Group set a $11.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, October 30th. Finally, Barclays lowered their price target on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.