6,297,496 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,297,496 shares of the company’s stock, valued at approximately $41,941,000. Reinhart Partners LLC. owned approximately 1.07% of CCC Intelligent Solutions Holdings Inc. Common Stock as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after acquiring an additional 1,189,466 shares in the last quarter. Wasatch Advisors LP grew its position in 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 worth $169,391,000 after purchasing an additional 5,440,768 shares during the last quarter. Bank of America Corp DE grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% during the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock worth $84,026,000 after purchasing an additional 324,678 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock valued at $81,091,000 after purchasing an additional 1,814,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock valued at $66,254,000 after purchasing an additional 695,892 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 6.8%

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.02 on Friday. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 87.76 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 $9.45. The stock has a 50 day moving average of $6.91. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The firm had revenue of $285.93 million during the quarter. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lifted their price objective 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 research note on Monday, August 3rd. Stifel Nicolaus reaffirmed 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. Wall Street Zen downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Finally, Jefferies Financial Group set a $7.00 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $9.12.

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.