Johnson Investment Counsel Inc. Buys 115,310 Shares of CCC Intelligent Solutions Holdings Inc. $CCCS

Johnson Investment Counsel Inc. increased its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 53.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,942 shares of the company’s stock after purchasing an additional 115,310 shares during the period. Johnson Investment Counsel Inc. owned 0.05% of CCC Intelligent Solutions worth $3,024,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CCCS. Principal Financial Group Inc. lifted its holdings in CCC Intelligent Solutions by 20.4% in the third quarter. Principal Financial Group Inc. now owns 38,305,155 shares of the company’s stock valued at $348,960,000 after buying an additional 6,501,213 shares during the period. Triple Frond Partners LLC raised its position in shares of CCC Intelligent Solutions by 30.7% during the 2nd quarter. Triple Frond Partners LLC now owns 3,156,000 shares of the company’s stock valued at $29,698,000 after acquiring an additional 741,000 shares during the last quarter. Alfreton Capital LLP lifted its stake in shares of CCC Intelligent Solutions by 381.0% in the 2nd quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock valued at $65,870,000 after purchasing an additional 5,544,792 shares during the period. Van Berkom & Associates Inc. lifted its stake in shares of CCC Intelligent Solutions by 8.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 9,523,592 shares of the company’s stock valued at $86,760,000 after purchasing an additional 780,241 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of CCC Intelligent Solutions by 27.8% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 2,201,974 shares of the company’s stock worth $20,060,000 after purchasing an additional 479,532 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock opened at $5.58 on Wednesday. The stock has a 50-day moving average price of $7.69 and a two-hundred day moving average price of $8.54. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88. The company has a market capitalization of $3.63 billion, a PE ratio of 279.14 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

CCCS has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 31st. Piper Sandler reduced their target price 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. Jefferies Financial Group set a $11.00 target price on CCC Intelligent Solutions in a research report on Thursday, October 30th. 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. Finally, Barclays decreased 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 report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Company Profile

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.