Intellectus Partners LLC Purchases New Shares in CCC Intelligent Solutions Holdings Inc. $CCCS

Intellectus Partners LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,400 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors have also made changes to their positions in CCCS. Park Place Capital Corp raised its holdings in CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock worth $36,000 after purchasing an additional 1,228 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in CCC Intelligent Solutions during the 1st quarter worth about $37,000. AlphaQuest LLC bought a new stake in CCC Intelligent Solutions during the 1st quarter worth about $47,000. Advisors Asset Management Inc. raised its holdings in CCC Intelligent Solutions by 40.4% during the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock worth $60,000 after purchasing an additional 1,898 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in CCC Intelligent Solutions during the 1st quarter worth about $60,000. 95.79% of the stock is owned by institutional investors.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider John Page Goodson sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $9.59, for a total transaction of $1,438,500.00. Following the completion of the transaction, the insider owned 157,478 shares of the company’s stock, valued at $1,510,214.02. This represents a 48.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Wei sold 30,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total value of $296,100,000.00. Following the transaction, the director directly owned 866,345 shares of the company’s stock, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 60,192,531 shares of company stock worth $594,054,878. 6.03% of the stock is owned by company insiders.

CCC Intelligent Solutions Price Performance

Shares of CCCS opened at $8.72 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a 50 day simple moving average of $9.37 and a 200 day simple moving average of $9.33. CCC Intelligent Solutions Holdings Inc. has a 52-week low of $8.14 and a 52-week high of $12.88. The firm has a market capitalization of $5.68 billion, a PE ratio of 436.22 and a beta of 0.72.

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

Wall Street Analysts Forecast Growth

CCCS has been the subject of several recent research reports. Stifel Nicolaus dropped their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday. Barclays dropped their price objective on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Jefferies Financial Group set a $11.00 price target on CCC Intelligent Solutions in a research note on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Finally, Piper Sandler lowered their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.38.

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.