Vise Technologies Inc. Acquires 69,343 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Vise Technologies Inc. increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 105.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,334 shares of the company’s stock after purchasing an additional 69,343 shares during the period. Vise Technologies Inc.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $901,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State of Wyoming raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.0% in the 3rd quarter. State of Wyoming now owns 103,574 shares of the company’s stock worth $690,000 after purchasing an additional 15,818 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 58.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 56,900 shares of the company’s stock worth $379,000 after purchasing an additional 21,000 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 322.5% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 3,951,767 shares of the company’s stock valued at $26,319,000 after buying an additional 3,016,507 shares during the period. T3 Companies LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter valued at about $469,000. Finally, Beach Point Capital Management LP bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter valued at about $4,049,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

CCC has been the topic of several analyst reports. Truist Financial set a $7.75 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, October 16th. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Evercore cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. CJS Securities lowered CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a research report on Friday, October 16th. Finally, Jefferies Financial Group lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 price target on the stock. in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.69 on Tuesday. The firm has a market cap of $4.55 billion, a PE ratio of 59.15, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $8.68. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $7.16 and its two-hundred day simple moving average is $6.09.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $294.09 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 6.54% and a return on equity of 9.11%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and data solutions for the property and casualty insurance economy. Its platform supports workflows that connect insurers, collision repair facilities, automotive manufacturers, parts suppliers and other participants involved in vehicle claims.

The company’s products help manage claims from initial reporting and damage assessment through repair estimates, parts sourcing and communications. Its tools also use artificial intelligence and data analytics to support decision-making and automate aspects of claims and repair processes.

Based in Chicago, CCC traces its roots to 1980 and serves customers primarily in the United States.