3,016,507 CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Purchased by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux increased its CCC Intelligent Solutions stake by 322.5%, purchasing 3,016,507 shares to reach 3,951,767 shares valued at approximately $26.3 million.
• Institutional investors collectively own 95.79% of CCC. The stock opened at $7.70, with a 12-month trading range of $4.08 to $9.44.
• CCC exceeded quarterly earnings expectations, reporting $0.10 per share versus the $0.05 consensus and revenue of $285.93 million, up 9.8% year over year. Analysts maintain a consensus “Hold” rating with an $8.79 target price.

Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 322.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,951,767 shares of the company's stock after purchasing an additional 3,016,507 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.67% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $26,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Central Pacific Bank Trust Division lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 5.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 47,800 shares of the company's stock worth $318,000 after purchasing an additional 2,320 shares during the last quarter. Wedmont Private Capital grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.9% in the 2nd quarter. Wedmont Private Capital now owns 13,796 shares of the company's stock valued at $71,000 after buying an additional 2,568 shares in the last quarter. Empowered Funds LLC grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% in the 1st quarter. Empowered Funds LLC now owns 22,519 shares of the company's stock valued at $135,000 after buying an additional 3,556 shares in the last quarter. IFP Advisors Inc increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company's stock worth $42,000 after buying an additional 4,088 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock worth $29,000 after buying an additional 4,644 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 0.4%

Shares of NASDAQ:CCC opened at $7.70 on Tuesday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 36.52 and a beta of 0.47. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12-month low of $4.08 and a 12-month high of $9.44. The stock's fifty day moving average is $7.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The firm had revenue of $285.93 million during the quarter. The company's quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CCC shares. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Citigroup raised their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Jefferies Financial Group downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating and set a $7.75 price target for the company. in a research report on Thursday, October 15th. William Blair cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 15th. Finally, Truist Financial set a $7.75 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.79.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company's products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC's business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.

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