CCC Intelligent SolutionsCCCS
CCCS
About: CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, and AI-enabled digital workflows. The company generate revenue through the sale of software subscriptions and other revenue, primarily from professional services. The company has its presence in United States and China. Majority of the revenue is generated from United States.
Employees: 2,325
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
117,175% more call options, than puts
Call options by funds: $14.1M | Put options by funds: $12K
80% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 79
0.86% more ownership
Funds ownership: 98.33% [Q2] → 99.2% (+0.86%) [Q3]
1% more capital invested
Capital invested by funds: $6.79B [Q2] → $6.83B (+$44.4M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]
4% less funds holding
Funds holding: 304 [Q2] → 291 (-13) [Q3]
22% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 59
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
8%
upside
Avg. target
$13.80
15%
upside
High target
$15
24%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Piper Sandler Arvind Ramnani 86% 1-year accuracy 49 / 57 met price target | 8%upside $13 | Neutral Maintained | 11 Dec 2024 |
JP Morgan Alexei Gogolev 46% 1-year accuracy 12 / 26 met price target | 16%upside $14 | Overweight Maintained | 9 Dec 2024 |
Morgan Stanley Josh Baer 73% 1-year accuracy 11 / 15 met price target | 24%upside $15 | Overweight Upgraded | 13 Nov 2024 |
Barrington Research Gary Prestopino 66% 1-year accuracy 89 / 134 met price target | 16%upside $14 | Outperform Maintained | 29 Oct 2024 |
Barclays Saket Kalia 63% 1-year accuracy 35 / 56 met price target | 8%upside $13 | Equal-Weight Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 5 articles about CCCS published over the past 30 days
Neutral
Business Wire
1 day ago
CCC Intelligent Solutions Announces the Acquisition of EvolutionIQ, the Leading AI Guidance Platform for Disability and Injury Claims Management
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Inc. (“CCC”), a leading cloud platform provider powering the P&C insurance economy and a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) (“CCCS”), announced today that it has signed a definitive agreement to acquire EvolutionIQ, Inc. (“EvolutionIQ”), the leading platform for AI-powered guidance for disability and injury claims management. The acquisition expands CCC's market reach into strategic adjacencies and strengt.
Neutral
Business Wire
1 day ago
CCC Board Approves New $300 Million Share Repurchase Authorization
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS), a leading cloud platform provider for the P&C insurance economy, today announced that its board of directors has approved a new share repurchase authorization to repurchase up to $300 million of the Company's outstanding common stock. Under the repurchase authorization, the Company is authorized to repurchase shares through open market purchases, privately negotiated transactions, or accelerate.
Neutral
Zacks Investment Research
3 days ago
TRV or CCCS: Which Is the Better Value Stock Right Now?
Investors interested in Insurance - Property and Casualty stocks are likely familiar with Travelers (TRV) and CCC Intelligent Solutions Holdings Inc. (CCCS). But which of these two stocks presents investors with the better value opportunity right now?
Positive
Zacks Investment Research
3 weeks ago
CCC Intelligent Solutions Holdings Inc. (CCCS)'s Technical Outlook is Bright After Key Golden Cross
CCC Intelligent Solutions Holdings Inc. (CCCS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CCCS's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Negative
Zacks Investment Research
3 weeks ago
TRV vs. CCCS: Which Stock Is the Better Value Option?
Investors with an interest in Insurance - Property and Casualty stocks have likely encountered both Travelers (TRV) and CCC Intelligent Solutions Holdings Inc. (CCCS). But which of these two stocks offers value investors a better bang for their buck right now?
Neutral
PRNewsWire
1 month ago
asTech® Driven by Repairify Integrates adasThink with CCC, Expanding Access to Advanced ADAS Insights for Collision Repair Shops
Partnership to streamline ADAS detection, improve repair accuracy and enhance efficiency for CCC ONE® users PLANO, Texas , Nov. 13, 2024 /PRNewswire/ -- Repairify , the global leader in remote diagnostics, calibrations, programming, and automotive intelligence for the collision and mechanical repair industries, announced today a new integration between its ADAS-focused platform, adasThink, and CCC ONE® , the premier estimating and repair management software from CCC Intelligent Solutions Inc. (CCC). This collaboration aims to provide collision repair shops with seamless access to advanced driver assistance systems (ADAS) insights, helping to enhance repair precision, increase efficiency and reduce cycle times.
Neutral
Zacks Investment Research
1 month ago
TRV or CCCS: Which Is the Better Value Stock Right Now?
Investors with an interest in Insurance - Property and Casualty stocks have likely encountered both Travelers (TRV) and CCC Intelligent Solutions Holdings Inc. (CCCS). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
Business Wire
1 month ago
CCC Announces Appointment of New Board Member
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform provider powering the P&C insurance economy, is pleased to announce the appointment of Neil de Crescenzo to its Board of Directors. Mr. de Crescenzo brings decades of expertise in the healthcare and technology sectors and proven success in deploying technology at scale across industries. His addition strengthens CCC's commitment to bolstering its market position and driving long-t.
Negative
Seeking Alpha
1 month ago
CCC Intelligent Solutions Shows Growth But Industry Caution Remains A Drag
CCC Intelligent Solutions Holdings Inc. recently reported slightly better-than-expected financial results for Q3 2024. The firm provides insurance company software. CCCS has produced stable growth, but its clients continue to experience headwinds and its net revenue retention results are concerning.
Negative
Seeking Alpha
1 month ago
CCC Intelligent Solutions: Valuation Likely To Stay Rangebound For The Time Being
I maintain a hold rating for CCC Intelligent Solutions due to insufficient evidence of emerging solutions significantly contributing to revenue growth. CCCS reported decelerating revenue growth, with 3Q24 revenue up 8% y/y but below expectations when adjusted for one-off benefits. Emerging solutions' adoption remains slow, contributing only 100 bps to growth, despite increased sales efforts and new product launches.
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