CCCS CCC Intelligent Solutions Holdings Inc. Common Stock

Norris Perne & French LLP MI significantly reduced its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by selling 365,290 shares, representing an 83% decrease in its position. Despite the company meeting its Q3 EPS estimates and exceeding revenue expectations with 12% year-over-year growth, the stock trades near its 52-week low with a high P/E ratio of 404.7. Analysts have a mixed "Hold" consensus with an average price target of $11.38, although some have recently lowered their targets.

This article discusses how AI is transforming the insurance supply chain, focusing on integrating models and data for end-to-end automation and addressing talent shortages in the claims and repair ecosystem. Marc Fredman of CCC Intelligent Solutions emphasizes using AI to orchestrate the entire claims process, balancing accurate payouts, operational efficiency, and strong customer experiences. He also highlights AI's role in making workers more productive and bridging the growing talent gap in the auto insurance industry.

Riverbridge Partners LLC reduced its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by selling 510,680 shares, now owning 6,190,816 shares valued at $56.4 million. This move comes as institutional ownership remains high at 95.79%, with other major funds like Norges Bank and Artisan Partners increasing their positions. CCC Intelligent Solutions recently met EPS estimates and beat revenue forecasts, with analysts holding an average target price of $11.38.

TFJ Management, a Massachusetts-based firm, significantly increased its stake in CCC Intelligent Solutions Holdings Inc., boosting its holding to approximately $12.46 million. This investment makes CCC Intelligent Solutions a core holding for TFJ Management, despite the stock being down 33% over the past year. The company, a SaaS provider for the property and casualty insurance sector, continues to show strong revenue growth, adjusted EBITDA, and free cash flow generation.

TFJ Management significantly increased its stake in CCC Intelligent Solutions Holdings Inc., adding over 590,000 shares for a total position valued at $12.46 million. Despite CCC's stock being down 33% over the past year, this move makes it the fund's fourth-largest holding, suggesting a strong long-term conviction in the company's recurring revenue and cash generation capabilities. CCC Intelligent Solutions, a cloud-based SaaS platform for the property and casualty insurance sector, reported robust Q3 revenues and adjusted EBITDA, along with significant stock repurchases.

Piper Sandler has reaffirmed its Neutral recommendation for CCC Intelligent Solutions Holdings (NasdaqGS:CCC). Despite the neutral stance, the average one-year price target of $12.06 suggests a potential upside of 51.15% from its last closing price of $7.98. Fund sentiment appears bullish, with a significant increase in institutional ownership and a low put/call ratio.