CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Stock Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,107,171 shares of the company’s stock after selling 122,356 shares during the quarter. Ninety One UK Ltd’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $20,694,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CCC. Reinhart Partners LLC. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 3rd quarter valued at about $41,941,000. Wasatch Advisors LP grew its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after buying an additional 5,440,768 shares during the last quarter. Wellington Management Group LLP acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the second quarter worth about $17,869,000. London Co. of Virginia raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% during the first quarter. London Co. of Virginia now owns 8,741,590 shares of the company’s stock worth $52,450,000 after acquiring an additional 3,007,687 shares during the period. Finally, Alfreton Capital LLP raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the first quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock worth $64,668,000 after acquiring an additional 1,978,074 shares during the period. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ CCC opened at $7.63 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $9.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a fifty day moving average of $7.01. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 36.38 and a beta of 0.47.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $285.93 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

Key Stories Impacting CCC Intelligent Solutions Holdings Inc. Common Stock

Here are the key news stories impacting CCC Intelligent Solutions Holdings Inc. Common Stock this week:

• Positive Sentiment: CCC entered into a definitive agreement to be acquired by a consortium led by GTCR and including Elliott Investment Management in an all-cash transaction valued at approximately $6.1 billion in enterprise value. Shareholders will receive $7.75 per share in cash, providing a clear valuation reference and limiting near-term downside if the deal closes. CCC Intelligent Solutions Signs Definitive Agreement to Be Acquired by GTCR and Elliott
• Positive Sentiment: The transaction gives investors an immediate cash-exit opportunity and reflects private-equity interest in CCC’s software and AI platform serving the insurance industry. Reports variously described the deal’s value as approximately $4.6 billion to $4.9 billion, likely reflecting differences between equity value and enterprise value. GTCR, Elliott Acquire Software Firm CCC for $4.6 Billion
• Neutral Sentiment: CCC’s board approved the agreement, but the acquisition remains subject to customary closing conditions and shareholder and regulatory approvals. The stock may therefore trade near, but not necessarily at, the $7.75 offer price until completion. CCC Intelligent Solutions to Be Acquired by GTCR and Elliott for $7.75 a Share in Cash
• Negative Sentiment: Investor-rights firm Halper Sadeh said it is investigating whether CCC shareholders are receiving fair value. Such investigations can add headline and litigation risk, although they do not necessarily prevent the transaction from closing. Halper Sadeh Investigation of CCC Acquisition

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a report on Thursday. Citigroup lifted their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Stifel Nicolaus reiterated 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. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of “Hold” and an average price target of $9.31.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.