CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Holdings Lessened by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC trimmed its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 30.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,576,746 shares of the company’s stock after selling 4,213,769 shares during the period. CCC Intelligent Solutions Holdings Inc. Common Stock comprises 4.4% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Clarkston Capital Partners LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $57,460,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Root Financial Partners LLC boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after purchasing an additional 4,644 shares during the period. Associated Banc Corp raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 33.0% in the first quarter. Associated Banc Corp now owns 22,368 shares of the company’s stock valued at $134,000 after purchasing an additional 5,544 shares during the period. Pictet Asset Management Holding SA raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% in the first quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock valued at $503,000 after purchasing an additional 6,354 shares during the period. KBC Group NV lifted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 56.2% during the first quarter. KBC Group NV now owns 19,103 shares of the company’s stock worth $115,000 after purchasing an additional 6,872 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 27.6% during the first quarter. State of Wyoming now owns 32,409 shares of the company’s stock worth $194,000 after buying an additional 7,014 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 0.2%

NASDAQ:CCC opened at $5.74 on Friday. The stock has a fifty day simple moving average of $5.05. The firm has a market capitalization of $3.37 billion, a P/E ratio of 95.68 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $10.50.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The business had revenue of $281.27 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCC. Wall Street Zen raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Citigroup lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. Stifel Nicolaus reissued a “buy” rating and set a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.25.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.