CCC Intelligent Solutions Holdings Inc. $CCCS Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 8,556,666 shares of the company’s stock after buying an additional 274,488 shares during the period. Geode Capital Management LLC owned approximately 1.32% of CCC Intelligent Solutions worth $80,531,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its position in shares of CCC Intelligent Solutions by 6.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 72,967,671 shares of the company’s stock worth $658,899,000 after acquiring an additional 4,100,954 shares in the last quarter. Vanguard Group Inc. boosted its position in CCC Intelligent Solutions by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 56,491,007 shares of the company’s stock worth $510,114,000 after purchasing an additional 5,103,835 shares during the period. Bessemer Group Inc. increased its holdings in CCC Intelligent Solutions by 49.5% in the 2nd quarter. Bessemer Group Inc. now owns 14,805,779 shares of the company’s stock valued at $139,321,000 after purchasing an additional 4,903,086 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in CCC Intelligent Solutions by 16.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 14,520,630 shares of the company’s stock valued at $136,639,000 after purchasing an additional 2,081,265 shares in the last quarter. Finally, Akre Capital Management LLC raised its position in CCC Intelligent Solutions by 23.5% in the first quarter. Akre Capital Management LLC now owns 13,190,384 shares of the company’s stock valued at $119,109,000 after purchasing an additional 2,508,986 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCCS has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Stifel Nicolaus decreased their price target on 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 lowered their price objective on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Friday, October 31st. Barclays reduced their target price on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.38.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider John Page Goodson sold 150,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $9.59, for a total value of $1,438,500.00. Following the sale, the insider owned 157,478 shares in the company, valued at approximately $1,510,214.02. This represents a 48.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $7.22 on Friday. The stock’s 50 day moving average is $8.74 and its two-hundred day moving average is $9.19. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The company has a market capitalization of $4.70 billion, a PE ratio of 361.18 and a beta of 0.72. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $267.12 million during the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.