Stanley Laman Group Ltd. Raises Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Stanley Laman Group Ltd. grew its position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 16.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 488,634 shares of the company’s stock after acquiring an additional 68,008 shares during the quarter. Stanley Laman Group Ltd.’s holdings in CCC Intelligent Solutions were worth $4,598,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in CCC Intelligent Solutions by 644.2% in the 1st quarter. GAMMA Investing LLC now owns 24,878 shares of the company’s stock valued at $225,000 after purchasing an additional 21,535 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of CCC Intelligent Solutions by 25.1% during the first quarter. SG Americas Securities LLC now owns 32,504 shares of the company’s stock worth $294,000 after buying an additional 6,513 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in CCC Intelligent Solutions by 13.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 633,432 shares of the company’s stock valued at $5,720,000 after acquiring an additional 76,522 shares during the period. Bessemer Group Inc. raised its stake in CCC Intelligent Solutions by 1.5% during the 1st quarter. Bessemer Group Inc. now owns 9,902,693 shares of the company’s stock valued at $89,421,000 after acquiring an additional 143,907 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in CCC Intelligent Solutions by 75.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 259,714 shares of the company’s stock valued at $2,345,000 after acquiring an additional 111,615 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CCCS. Barclays reduced their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, August 4th. Piper Sandler reaffirmed a “hold” rating and set a $10.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.58.

Insiders Place Their Bets

In related news, Director Eric Wei sold 30,000,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $9.87, for a total value of $296,100,000.00. Following the completion of the transaction, the director owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $9.87, for a total transaction of $296,100,000.00. Following the transaction, the director owned 866,345 shares in the company, valued at $8,550,825.15. This represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,197,833 shares of company stock worth $594,106,626. Insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock opened at $8.80 on Friday. 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 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 $5.73 billion, a P/E ratio of 440.22 and a beta of 0.72. The firm has a fifty day moving average of $9.52 and a 200-day moving average of $9.30.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business had revenue of $260.45 million for the quarter, compared to analyst estimates of $256.21 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

About CCC Intelligent Solutions

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.