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

Geode Capital Management LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,556,666 shares of the company’s stock after purchasing an additional 274,488 shares during the period. Geode Capital Management LLC’s holdings in CCC Intelligent Solutions were worth $80,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in shares of CCC Intelligent Solutions by 39.8% during the first quarter. Victory Capital Management Inc. now owns 72,671 shares of the company’s stock worth $656,000 after purchasing an additional 20,686 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in CCC Intelligent Solutions during the first quarter worth about $300,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CCC Intelligent Solutions in the first quarter worth about $3,107,000. KLP Kapitalforvaltning AS lifted its holdings in CCC Intelligent Solutions by 6.8% in the first quarter. KLP Kapitalforvaltning AS now owns 90,700 shares of the company’s stock worth $819,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Machina Capital S.A.S. acquired a new position in CCC Intelligent Solutions in the first quarter valued at approximately $98,000. Institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider John Page Goodson sold 150,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 157,478 shares in the company, valued at $1,510,214.02. This trade represents a 48.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays dropped their price target on 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. Piper Sandler dropped their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Stifel Nicolaus reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 31st. Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a research report on Thursday, October 30th. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Trading Up 1.4%

NYSE:CCCS opened at $7.22 on Friday. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.14 and a 1 year high of $12.88. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 361.18 and a beta of 0.72. The business has a fifty day moving average of $8.74 and a 200-day moving average of $9.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

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